Benchmark prior transactions, bonds, loans or company profiles using over 300 credit metrics.

Comparables

Full Financial profiles with 3 statements, KPIs, segment splits & credit metrics. All traced to source documents.

Financials

AI transcripts & instant analysis, making earnings season easier than ever.

Earnings

Say goodbye to CTRL + F with our powerful search. Thousands of documents text searchable for any keyword or phrase.

Search

A full suite of ESG data and analysis. Built for your workflow

We use AI to aggregate newsflow from 2,000 sources, and deliver it to your inbox quicker than anyone else.

News

New deal analysis & covenant comparison tools, understand key risks in seconds not days.

Covenants

We've successfully predicted more than 65 price sensitive events - before they happened.

Deal predictions

Spot undervalued credits and potential future restructurings with our purpose-built tools.

Distressed and Restructuring

Track high yield deals from issuance through to maturity, with integrated legal, credit and ESG analysis.

High Yield Bonds

Shine a light on private markets with 9fin's news and legal analysis of syndicated loans

Leveraged Loans

Find information others can't see in one of the fastest growing corners of finance

Private Credit 

21st century tech and expert analysis to help CLO teams make informed decisions faster.

Structured Credit 

David Bell

Max Frumes

Will Caiger-Smith

Office supplier Staples is working with bankers at JP Morgan and Morgan Stanley to gauge investor interest in a potential debt refinancing, according to 9fin sources.

The Sycamore Partners-backed company has encouraged lenders with its post-Covid recovery, as efforts to grow sales and reduce leverage raised expectations that the company would look to tackle its upcoming debt maturities.

Staples has a $300m term loan B due September 2024, which is quoted at par. It then faces a $4bn maturity wall in April 2026, consisting of a $2bn 7.5% SSN and $2bn TLB that carries a 500bps coupon. Both are quoted around 99.

The company previously telegraphed a near-term refinancing of its 2024 term loan. But the size and structure of any deal remains fluid, sources said.

The company also has $1bn of 10.75% SUNs due 2027. That bond is quoted around 96 cents on the dollar, up from a low of 55 in November 2023, as weak demand and high costs weighed on its outlook at the time.

JP Morgan and Sycamore Partners declined to comment. Morgan Stanley and Staples did not respond to requests for comment.

Our customers receive this news ahead of the crowd. To learn more about news on the 9fin platform, request a free trial below.

Staples working with JP Morgan and Morgan Stanley on potential refi

Michelle D'Souza

9 themes from the LSTA DealCatalyst US CLO conference

Freddie Doust

Will Macadam

The Stress Release — May 2024

Shubham Saharan

The Unicrunch — Dispatch from fabulous Las Vegas

9fin team

Winding Up — The numbers tell the story; setting the advisor record straight

Turbocharge your trading desk P&L, with the market's fastest news alerts.

Sales & Trading

Save time, react faster to news, outperform your peers.

Asset Managers & Hedge funds

Save time, pitch more efficiently, and win business.

Investment Banks

Spot novel covenants, save time drafting and win business.

Staples working with JP Morgan and Morgan Stanley on potential refi

Read all our public content for free

Recently Published

9 themes from the LSTA DealCatalyst US CLO conference

The Stress Release — May 2024

The Unicrunch — Dispatch from fabulous Las Vegas

Winding Up — The numbers tell the story; setting the advisor record straight

What are you waiting for?

Cookies & Privacy