Excess Spread — Prime and punishment, straight to voicemail, seize the moment

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Market Wraps

ABF

Excess Spread — Buying a bridge lender, sticky syndication, taxing times

We talked a bit in May about how to trade the collapse of Market Financial Solutions, which was very speculative! There are no real instruments to trade, no action in related securities, no way to go short if the worst isn’t priced in and no way to go long if it’s time to bounce back.

26 Jun 2026

| Europe

News & Analysis

Distressed

Investment Grade

LevFin

2026 FIFA World Cup's credit footprint across multiple sectors

The 2026 FIFA World Cup is the largest edition of the tournament ever staged, featuring 48 teams playing 104 matches across 16 host cities in the US, Canada and Mexico, up from 32 teams and 64 in the prior edition. The tournament kicked off earlier this month on Thursday, 11 June, and runs through Sunday, 19 July.

25 Jun 2026

| US

News & Analysis

LevFin

Private Credit

CVC set to buy Italian food business IRCA

CVC will enter in exclusive talks to acquire Italian specialty ingredients producer IRCA after the buyout firm emerged as the winner in the bidding process, people familiar with the deal told 9fin.

25 Jun 2026

| Europe

Educationals

Private Credit

A crash course on private credit secondaries

Staying up-to-date with the private credit secondaries market is imperative for every private credit professional — and that’s where this crash course comes in. We cover everything from the basics, to LP and GP-led structures, to pricing, valuation, legal mechanics, and more.

25 Jun 2026

| US

News & Analysis

ABF

Distressed

Caesars Palace Deux? — Icahn putting together topping bid with financing that would prime existing creditors

Carl Icahn isn’t folding on his bet to win Caesars Entertainment and trying to beat Fertitta Entertainment’s $5.7bn acquisition of Caesars, sources told 9fin. Icahn would pay between $35 and $40 per share for the casino operator — topping Fertitta’s offer of $31 per share — and take Caesars private, sources said.

24 Jun 2026

| US

News & Analysis

ABF

Scaling the scales — Primary Wave eyes music royalty ABS as market matures

The story has been amended since publication to clarify that Chord Music Partners is controlled by Dundee Partners and that Apollo led the syndication of Chord’s ABS offering. While Brookfield-backed Primary Wave Music has been pouring cash into the catalogs of some of the past century's most iconic artists for years, the music royalty platform wants to keep scaling up by tapping the ABS market — a move the firm could make as soon as later this year.

24 Jun 2026

| Europe

| US