Your edge in distressed debt and restructuring
See restructurings, bankruptcies, and stressed credits sooner, with real-time reporting, dockets, covenants, LME data, expert analysis and AI tools in one place.
Distress moves fast. Your research should too.
Distressed research is scattered across dockets, pricing feeds, documents, and news. 9fin brings it together and uses AI to help you interrogate it, so you can understand what changed, trace the answer back to the source and act sooner.
Find the next distressed situation earlier
Screen for names trading at distressed levels, track bonds and loans below par, and monitor early restructuring and LME signals. Use distressed and special situations intelligence alongside the Restructuring Tracker and analyst-backed watchlists to surface opportunities 12-18 months earlier than price screens alone.
Understand the capital structure before you act
Map the capital structure to find the fulcrum, compare terms across deals with Covenant Explorer, track Chapter 11 dockets and restructuring activity, and benchmark advisor fees. Use our AI chat to bring distressed debt analysis, financials, and legal context together to get to a defensible view in minutes, not days.
See the whole distressed picture
Follow a stressed name from capital structure and covenants through an LME or restructuring, Chapter 11 process, and advisor activity. Connect distressed debt data across instruments, filings, dockets, and deal terms to see every tranche, lien, and intercreditor provision in context.
Cover every stage of the distressed workflow
Use 9fin AI for cited answers, tear sheets, and transcript summaries when you need to get up to speed quickly.
Follow critical filings from first-day motions onward, with summaries and analysis linked directly to the underlying credit.
Map borrower fundamentals, instruments, maturities, and capital structure to understand where value breaks.
Compare terms across up to 20 OMs and credit agreements to spot flexibility, precedent, and structural risk faster.
Screen 20+ years of bond and loan data and search across 1M+ filings and offering materials.
See how liability management exercises were structured, priced, and litigated, from uptiers and drop-downs to distressed exchanges.
Get reporting, legal analysis, and restructuring coverage from 130+ credit, legal, and reporting experts.
Screen stressed names, track expected and active restructurings, and compare LME activity and advisor involvement.
Depth built for distressed
Coverage spotlight: The MSG Networks restructuring
9fin tracked how distressed investors bought MSG Networks debt in the 20s, then restructured its $804M term loan for cash, take-back paper, and up to $100M of contingent upside.
- Entry price: Investors bought the term loan in the 20s
- Restructuring recovery: $210M take-back paper plus $80M cash
- Contingent upside: Up to $100M if the structure pays out
Distressed debt news, trends, and analysis
Follow restructuring news, Chapter 11 developments, LMEs, creditor dynamics, court rulings, and restructuring league tables with timely reporting and analysis that explains what changed and why it matters.
How 9fin tracked First Brands from early signs to bankruptcy
9fin flagged First Brands' aggressive debt-funded acquisition strategy months before its Chapter 11 filing. As the situation developed, 9fin tracked stalled financing, creditor dynamics, CLO exposure, DIP financing, and recovery scenarios.
![[TODO placeholder image] First Brands coverage visual](https://cdn.sanity.io/images/2ot3aypi/production/1cfceda184ccf2ac71b139d5241ac2baa9aeebe4-1168x658.png?auto=format)
Trend report: H1 2026 LME update
9fin tracked 25 completed LMEs in H1 2026, roughly level with the prior year. Equity handovers and consensual amend-and-extends gained ground, while coercive uptiers largely disappeared.
![[TODO placeholder image] LME trend visual](https://cdn.sanity.io/images/2ot3aypi/production/82aeb7f18ce4708cb7aa7b1bdaad9f9dbaaf42a1-584x468.png?auto=format)
Keep up with distressed markets
Choose The Memo US or The Memo Europe for a biweekly roundup of the latest market developments from 9fin. Stay current on distressed debt and restructuring activity, upcoming events, new resources, announcements, and the latest 9fin data across your market.