Stark and lenders to line up advisors amid rising debt strain

LevFin summer rooftop drinks

CD&R, Platinum in home stretch for Nestlé water unit, PAI drops out

CD&R and Platinum are the only sponsors left bidding for a 50% stake in Nestlé’s €5bn bottled water business in the final stretch of the sales process, according to 9fin sources. PAI has dropped out of the race, they added.

Judge approves creditor meetings for TGJones restructuring plans

Mr Justice Marcus Smith approved the proposed timeline for TGJones’s two restructuring plans at a convening hearing today (3 June), rejecting an application by dissenting creditor British Land to adjourn the hearing by 14 days.

Rise of ‘fourth trigger CDS’ ushers in new dawn of risk transfer

Asian lenders eye up to $4bn for landmark bank-backed GPU financing

How does one structure a GPU-secured loan when some of the offtakers of user contracts are Chinese companies, which face ownership restrictions on the collateral? It’s a question that’s caused sleepless nights for some bankers in Asia.

9Questions — Patrick Marshall, Federated Hermes — Private credit as a ‘business of building blocks’

9Questions is our Q&A series featuring key decision-makers in the corporate credit markets — get in touch if you know who we should be talking to!