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May LME update — Seven LMEs completed as pre-LME queue hits 16

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May LME update — Seven LMEs completed as pre-LME queue hits 16

Laurie Tomassian and Calvin Huang15 Jun 2026 | US | 7 minute read

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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.

Restructure abroad, enforce at home — The rise of US Chapter 15

In the past few years the use of Chapter 15 recognition procedures in the US has started to look less like a traditional cross-border comity tool and more like an enforcement step for US companies to conduct their restructuring elsewhere and bring the final restructured package safely back home.

Excess Spread — Tampa template, choose your own adventure

The week after Barcelona should be a week for strong execution. Meetings at the conference give a better-than-usual line of sight to where bonds will land, and when coupled with the New Treaty of Versailles, it’s a good time to sell deals.

Legally Bond — Law firms are PE’s new acquisition playground

Fortress Investment Group’s acquisition of a minority stake in Arizona-based personal injury law firm Rafi Law Group in May was further proof that few professions are beyond private equity’s reach. From dental clinics to accounting firms, PE has swept the professional services landscape and law firms appear to be its latest target.

Knicks title run could mean windfall for distressed investors in MSG Networks — with a catch

Among all of the famous and wealthy fans cheering on game four of the NBA finals, perhaps none had as much to be excited about as a group of distressed debt specialists who had bet on the troubled regional sports network that airs the Knicks games.

Lenders backed Alvaria’s initial LME — then one year later, a fight broke out

When Alvaria pulled off an aggressive liability management exercise in 2024, the company’s years of financial distress seemed to be in the rearview mirror. Within a year, the software company was back in dire straits — and this time, a fight between two of its most powerful lenders turned ugly.

17 Jun 2026

| US

May LME update — Seven LMEs completed as pre-LME queue hits 16

Related Posts

Lipton Teas lenders join co-op

Restructure abroad, enforce at home — The rise of US Chapter 15

Excess Spread — Tampa template, choose your own adventure

Legally Bond — Law firms are PE’s new acquisition playground

Knicks title run could mean windfall for distressed investors in MSG Networks — with a catch

Lenders backed Alvaria’s initial LME — then one year later, a fight broke out