Kloeckner to file for Chapter 11

A crash course on LMEs

Liability management exercises (LMEs) are every bit as complex as they are prevalent in the US distressed markets. This online course by 9fin will ensure you’re well-equipped with the knowledge you need in just five lessons.

MFS coverage summary: unpacking the biggest fraud to hit UK securitisation

The collapse of Market Financial Solutions is the biggest alleged fraud to hit UK securitisation. 9fin first started reporting on MFS in September 2025, and went beyond the headlines to analyse the mechanics of this extraordinary collapse.

LatAm Weekly — Primary issuance returns, Aegea rebounds but covenant risk looms

Asia weekly — Issuance returns amid peace talks

US IG Wrap — Big banks bring the supply, BDCs bounce back

Excess Spread — Nothing to hide, funding redemptions

9fin | Fund redemptions are coming for asset-based finance! While we’ve been head down covering the fallout of Market Financial Solutions, the biggest non-war story in broader markets has been the wobble in private credit.