Serta after remand: what Judge Lopez’s opinion means for DIP roll-ups

Always and forever chemicals? — Mapping PFAS exposure amid slow transition planning

On 24 June, Chemours (B1/BB-) agreed to a $450m settlement over releases of polyfluoroalkyl substances (PFAS), commonly known as 'forever chemicals', in West Virginia, North Carolina and New Jersey. The settlement is the latest in a series of cases involving major PFAS producers, including 3M (A3/BBB+), DuPont (Baa1/BBB+) and Arkema (Baa1/BBB+), all of which continue to face extensive litigation related to historical PFAS contamination.

Blackstone gobbles up credit risk transfers of banks’ data center exposures

Blackstone has become one of the most frequent investors in the burgeoning market for bank synthetic risk transfers of data center exposures, leading some observers to worry that the market could be too reliant on the alternative asset manager.

Boubyan Bank seals three-year $300m Asian facility; eyes dollar and dinar sukuk

Boubyan Bank, a Kuwait-based Islamic lender, has signed a three-year $300m financing facility with Asian banks, according to 9fin sources.

Al Rajhi Bank privately places $500m sukuk; eyes public issuance

Al Rajhi Bank (Al Rajhi) (Aa3/A), a Saudi Arabian-based Islamic lender, has privately placed a $500m five-year sukuk with a profit rate of 5.237%, according to 9fin sources.

Asia weekly — AirTrunk launches mega deal, China sees rockstar issuance

US IG Wrap — Summer supply on record pace as data center deals loom