9 themes from Opal’s CLO Summit

IVC pulls debt extension

9fin | Jitters in the credit markets have seemingly claimed another victim. That’s after veterinary clinic group IVC Evidensia (B3/B-/B) decided to pull its 2031 A&E due to adverse market conditions, market sources told 9fin.

Insurance brokers in the firing line as AI fears spread

9fin | Hopes that the AI-driven selloff would stay contained to the software sector are fading, as multiple buyside sources pointed to the sudden weakness in bonds and loans from insurance brokerages this week over concerns that AI could provide a viable alternative to their services.

Cloud 9fin — Turning working capital into liquidity with SLR’s Mitch Soiefer

9fin | On this episode, Anna Russi speaks with Mitch Soiefer, partner and head of lender finance at SLR Capital Partners, to unpack how working capital assets are being carved out of traditional credit agreements to keep capital flowing, and why these structures tend to show up late in the credit cycle.

Alphabet century sterling steals spotlight in triple-currency spree

Rabobank among lead banks in DSM carve out

9fin's article on Rabobank being among the lead banks that will provide a €1bn debt package to back CVC’s take over of Animal Nutrition and Health (ANH), a carve out from DSM Firmenich.

A crash course on covenants