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Goldentree and Monarch lead Merlin refi as bonds and CDS take different rides

News & Analysis

Goldentree and Monarch lead Merlin refi as bonds and CDS take different rides

Dan Alderson, Will Macadam and Danish Mehboob17 Sept 2026 | US, Europe | 6 minute read

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Insolvent Bathla’s A$3.4bn debt highlights Aussie property woes

Insolvent Bathla’s A$3.4bn debt highlights Aussie property woes

On Friday (4 September), the administrators of Bathla Group, one of Sydney’s largest, and now insolvent, homebuilders told the firm’s creditors its A$3.4bn ($2.45bn) debt stack may still grow. The builder owes most of that cash to private credit lenders, though claimants may number as many as 3,000.

From oligarchs to Everton — How 777 Partners’ multi-billion-dollar empire came undone

For nearly 15 years, Alexander Gorbachev held a grudge. It all began in a London sauna in 2005. There, Gorbachev claims his former Komsomol associate turned oligarch, Andrey Guriev — who heads the Russian fertilizer empire PhosAgro — promised him nearly a quarter of the company, where Gorbachev had previously served as a director.

Merlin sets up private credit refi proposal

Blackstone-backed theme park operator Merlin Entertainments has lined up a potential private credit refinancing for its 2027 senior unsecured notes, according to 9fin sources.

Sword Health in talks to acquire mental health app Headspace

Virtual healthcare provider Sword Health is in talks to acquire digital mental healthcare startup Headspace, in a tie-up that would likely mark the largest deal in the digital healthcare space this year to-date.

MFS investors including Raja’s stepson were repaid ahead of collapse

Individual investors who had lent money to Market Financial Solutions — including MFS CEO Paresh Raja’s stepson, the Deutsche Bank high-yield credit trader Rihan Dewan — received their money back last December in the run-up to the bridging lender’s high-profile collapse amid fraud allegations, according to court documents.

Safety first — Investors pressure private credit firms to hire restructuring talent

Private credit lenders are shoring up their defences by hiring professionals with operational restructuring experience as nerves build over the stresses creeping into the market. The move is being driven by LPs keen to ensure there's a safety net in place so that lenders can maximise value if an investment goes south, according to 9fin sources.

29 Jul 2026

| Europe

Goldentree and Monarch lead Merlin refi as bonds and CDS take different rides

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Insolvent Bathla’s A$3.4bn debt highlights Aussie property woes

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Merlin sets up private credit refi proposal

Sword Health in talks to acquire mental health app Headspace

MFS investors including Raja’s stepson were repaid ahead of collapse

Safety first — Investors pressure private credit firms to hire restructuring talent