TGJones restructuring plans sanctioned

One WBS, Mike’s Way — Sandwich chain could tap IPO proceeds to repay debt years early

Sandwiched into Jersey Mike’s latest whole business securitization is a borrower’s option that could allow the company to repay more than $300m of debt years before expected, if and when the company follows through on plans to go public.

Short sellers swarm BDCs as earnings season approaches

Publicly traded business development companies, or BDCs, are drawing a surge in short seller interest as investors make big bets that the quality of their underlying loan books is worse than what meets the eye.

Nigeria swaps transparency for liquidity as eurobond planned

As Lagos battles weeks of heavy rain, Nigeria's fiscal position is beginning to look similarly waterlogged. Deficits and debt are rising like lagoon levels, while the fiscal safeguards meant to channel borrowing into the open are increasingly clogged by opacity.

Lobbyists push to let insurers into the US SRT market

Kuwait eyes new international eurobond issue

The State of Kuwait is planning to issue a new public eurobond and could bring a deal to market very soon, say 9fin sources — even though the US and Iran have resumed attacks against each other, threatening further regional disruption.

‘Investor' files complaint accusing CLO manager of mishandling collateral

Canaras Capital Management finds itself the subject of a complaint filed by a firm, which appears to be linked with a Venezuelan family office, in relation to a set of post-reinvestment CLOs. However, the firm’s founder and CEO Anthony Clemente has told 9fin that the claims are “frivolous”.