Stay on top of everything, ahead of the competition — find out what 9fin offers for distressed and restructuring.

Private equity firm Carlyle sent a message to a large group of debt investors – including many distressed specialists – who may or may not have been looking to buy up the debt of its portfolio company NEP Group: Don’t bother.

On 31 January, the movie, live events, and television production services company disclosed a list of roughly three dozen firms that it can disqualify from purchasing its debt in the secondary market at the company’s discretion, according to sources.

On the same timeline, a group of the company’s term loan lenders have organized with Akin Gump, sources said. Many of those lenders participated in an amend and extend transaction in 2023 for a short maturity extension on its term loan debt to 2026 from October 2025.

The A2E shifted some interest expense to PIK and was aimed at giving NEP a chance to come up with a sustainable long-term solution for the company’s balance sheet, as 9fin reported at the time.