Debtflix — H1 2026 European Restructuring Data Review

H1 2026 trends

• Restructuring and LME activity ticked up in H1 2026, with 20 deals compared to 16 in H1 2025. Nine were loan-only structures, five bond-only cap stacks, and six a mix of bonds and loans. The UK, France, Spain and the Netherlands had the highest number of companies restructured, while Germany recorded zero — down from six in H1 2024 and three in H1 2025.
• This analysis delivers structural visibility into how the European restructuring landscape is evolving mid-year, with detailed breakdowns across triggers, control events, and pro rata and non-pro rata LMEs.
• The Review has been published alongside our broader H1 2026 European Distressed & Special Situations coverage — giving clients comprehensive, full-universe insight across restructurings, liability management exercises, and stressed credits, all in one platform.