Mobico takeover bid — What a change of control means for the bonds — Analysis

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News & Analysis

Distressed

Mobico bondholders split on whether takeover triggers par put

British transportation firm Mobico is the subject of a potential takeover deal, but uncertainty reigns among its creditors on whether or not this could lead to a bond redemption and a lucrative payout, according to 9fin sources.

22 Oct 2026

| Europe

News & Analysis

Distressed

Optimum creditors near equitizing deal as Drahi appears to cave

Optimum Communications is nearing a restructuring agreement with its lenders that would hand creditors control of the telecoms provider and could resolve litigation while leaving the controlling shareholder Patrick Drahi with a stake worth far less than the $3bn he had been asking, according to sources.

21 Oct 2026

| US

News & Analysis

Distressed

LevFin

LevFin feeling French fear, but is it going too far?

“The sick man of Europe” diagnosis pops up frequently these days – just ask the UK, Germany, and Italy. Now the focus is on France. Surging spreads between OATs and European peers underline how investors are repricing French political risk. Both extremes of the political spectrum (Mélenchon versus Le Pen)are loud amid a shrinking centre, given President Emmanuel Macron’s May 2027 exit.

21 Oct 2026

| Europe

News & Analysis

ABF

Distressed

Private Credit

Term time — The financial woes of UK universities

When the University of Nottingham shut down its music and languages department in early October, resulting in more than 500 job losses, it blamed weak enrolment and a “challenging international student recruitment environment”.

20 Oct 2026

| Europe

News & Analysis

Distressed

White & Case faces parallel retention challenges in Hughes, DISH over EchoStar ties

White & Case faces objections from the UST and a noteholder group to its retention as counsel to the Hughes Satellite Systems Chapter 11 debtors, following similar challenges by the UST and UCC in the related DISH Wireless Chapter 11 cases over the firm’s past and continuing representation of parent EchoStar.

19 Oct 2026

| US

News & Analysis

Distressed

777 Partners co-founder pleads guilty in fraud case

Joshua Wander, the founder and former chief executive of 777 Partners, pled guilty to wire and securities fraud on Thursday (15 October).

16 Oct 2026

| US