LevFin Wrap — Glimmers of hope for primary issuance as HY market rallies

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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

News & Analysis

LevFin

ByteDance seeks $20bn new money loan

Chinese technology company ByteDance is raising a $20bn new-money offshore financing, according to 9fin sources.

23 Jun 2026

| APAC

News & Analysis

Distressed

LevFin

Private Credit

Making a case for the defence — how Starmer’s resignation could impact UK credits

Sterling credit traders and lenders might have expected a scramble on Monday morning after the resignation of UK Prime Minister Kier Starmer, but it was largely business as usual with credit market participants having priced in such an eventuality. Some though are already looking ahead to his likely successor and what ensuing policy changes could mean for credit sectors.

23 Jun 2026

| Europe

Technical blog

LevFin

ABF

Distressed

Private Credit

CLO

Investment Grade

9hack: Inside 9fin's second hackathon of 2026

Starting summer on a high, 9finners from across engineering, AI, data science, product and design teams paused their usual work for two days to focus on exchanging ideas and producing practical, valuable solutions to real engineering challenges.

23 Jun 2026

| Global

News & Analysis

ABF

Market players dish on fraud, relative value on 9fin panel at ALTSNY

Bigger funds aren’t always always better when it comes to ABS investments, according to panelists at ALTSNY’s 2026 conference, as the pressure on asset managers to deploy large fundraisings may have weakened due diligence processes and enabled fraud.

22 Jun 2026

| Europe

| US

News & Analysis

Distressed

LevFin

Lipton Teas lenders join co-op

Lenders to Dutch tea maker Lipton Teas and Infusions have signed a co-op agreement to organise ahead of potential talks with the sponsor CVC, according to 9fin sources. Over 50% of the first lien lenders have joined the co-op and a steering committee made up of a mix of CLOs and secondary funds has formed, the sources said. Gibson Dunn is advising the co-op group.

19 Jun 2026

| Europe