No more movie magic — film studio CMBS flirts with maturity default

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Market Wraps

Private Credit

Taking the Credit — If you can’t beat EM, join EM

LPs are rethinking their private credit portfolios as geopolitical headwinds and wobbles in US private credit raise new questions about concentration risk in more mature, or ‘developed’ markets. As a result, investors are giving emerging markets a closer look.

24 Jul 2026

| Europe

Market Wraps

ABF

Excess Spread — Selling misselling, Blue solution, who buys CMBS?

Would you like a 15% risk-free return, backed by REAL ASSETS*? Several years ago, I saw an advert for whiskey-backed bonds — having an interest both in whiskey and in asset-backed bond structuring, I naturally clicked and entered my details. A VERY enthusiastic salesperson was soon connected with me, who hung up as soon as I said I was a journalist and interested in understanding the collateral package. Red flag!

24 Jul 2026

| Europe

News & Analysis

Distressed

Archie Comics family ownership in jeopardy after CEO's courtroom loss

Archie Comics chief executive Jonathan Goldwater is days away from losing his grip on his comic book empire. Goldwater’s attempt to block a forced sale of his stake in the publisher has failed, setting the stage for a private credit lender to seize control of a quarter stake in the 88-year-old publisher.

23 Jul 2026

| US

Trend Reports

Distressed

LevFin

Debtflix — H1 2026 European Restructuring Data Review

Overall restructuring and LME activity ticked up in H1 26, with 20 deals compared to 16 in H1 25. Nine of these 20 deals were loan-only structures, with five bond-only cap stacks and six a mix of bonds and loans.

23 Jul 2026

| Europe

| US

News & Analysis

LevFin

Cleary’s new LatAm head talks debt ‘micro-windows’ and issuers taking initiative

Partner Juan Giráldez became Cleary Gottlieb’s new Latin America head this week, stepping into the role as the region’s debt markets show unexpected resilience against global volatility.

23 Jul 2026

| LATAM

News & Analysis

Distressed

Judge Lopez takes Trinseo LME judgment under advisement, urges parties to talk

Judge Christopher Lopez took Trinseo and the ad hoc committee of senior secured creditors’ stay enforcement and judgment on the pleadings motions under advisement.

22 Jul 2026

| US