Creditor cooperation — LME race enters a new phase

Anthony Park29 Apr 2026 | US | 5 minute read

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Excess Spread — Trading the MFS collapse, ERM evolution

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Excess Spread — Trading the MFS collapse, ERM evolution

9fin | When something goes wrong in financial markets, enterprising minds often think “how can I make some money out of this”. That’s a normal and healthy capitalist impulse, and, in many situations, that impulse makes things better.

‘Colorable’ fraud and substantive consolidation claims emerge in First Brands as examiner details $700m outflows

The court-appointed examiner in First Brands’ Chapter 11 case has found that First Brands operated less as a conventional automotive parts business, and more as a liquidity-generating vehicle used to extract hundreds of millions of dollars for the benefit of its founder, Patrick James, according to the interim examiner’s report.

CLOs remain resilient but headwinds and dispersion come to the fore, conference hears

The mood was cautious at DealCatalyst and LSTA’s annual CLO industry conference in New York this week as CLO managers and investors contend with AI-induced volatility and dispersion, geopolitical risk, and questions over the performance of CLO equity and captive equity funds.

Sports deals are game on — Don’t mind inflation

9fin | The pressure is mounting on consumer spending, with the IMF issuing stark warnings about the prospect of a major energy crisis and its impact on inflation.

Akin poaches Weil’s co-head of restructuring

Akin Gump has lured back Neil Devaney to lead its restructuring practice from his current role as co-head of restructuring at Weil in London, as it strengthens its creditor-side advisory capabilities.

Q1 2026 LME update — 11 LMEs cross the finish line

Liability management exercises that closed in the first quarter ending 31 March 2026 comprised two pro rata transactions, two drop-downs, four deals away, and three LMA&Es, according to deals tracked by 9fin.

28 Apr 2026

| US

Creditor cooperation — LME race enters a new phase

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Q1 2026 LME update — 11 LMEs cross the finish line