Excess Spread - Apollo on the march, high Fidelity, Kensington on the block

Oil rally squeezes Mexico fiscal accounts, but Pemex aid is safe

9fin | The oil price rally triggered by the Middle East conflict will directly impact Mexico's government budget and could affect the massive support for state-owned company Pemex

Long yarn — How Michaels Stores weaved through distressed debt, tariffs and bankrupt competitors to clinch refinancing

LatAm Weekly — Oil price shock means upside for some producers, and Braskem gets a green light

MFS auditor also borrowed money from MFS

9fin | Ajay Yadav, the founder and managing director of the firm that audited collapsed UK specialist mortgage lender Market Financial Solutions and was the accountant for most of its funding vehicles, also owns a company that borrowed from MFS against properties on the outskirts of London.

Q4 2025 BDC earnings roundup — Insights from the 19 largest public BDCs

This report tracks results across the 19 largest public BDCs, examining NAV movement, income durability, portfolio composition and early indicators of credit stress.

Software v2.0 — Private credit’s buy/hold/sell conundrum

9fin | The ‘SaaS-pocalypse’ was supposed to dampen demand for software credits, but they don't call this sector the darling of the private credit market for nothing. In fact, 11 software names joined 9fin's European private credit pipeline this week and last week.