Q1 26 at-risk BDC watchlist

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League Tables

Distressed

European restructuring & LME law firm league tables Q2 26

The second quarter of the year was dominated by the impact of the Iran war, conflict in the wider Middle East, and the rise of AI. Concerns about AI undermining the viability of SaaS businesses and other companies reliant on replaceable technology have persisted.

16 Jul 2026

| Europe

News & Analysis

LevFin

Private Credit

JPM, Goldman prep financing for Warburg LBO of PANTHERx Rare

JP Morgan and Goldman Sachs are preparing an up to $3bn financing in the broadly syndicated market to back Warburg Pincus’ buyout of specialty pharmacy company PANTHERx Rare, according to 9fin sources.

15 Jul 2026

| US

News & Analysis

ABF

Reduce, reuse, re-borrow — Bank alleges fraud, expects loss from asset-based loan

A Denver bank is accusing a sustainable materials distributor of receivables fraud — and bracing for a $22m loss after writing off an asset-based loan to the firm at the center of the allegations.

15 Jul 2026

| US

News & Analysis

Distressed

LevFin

Private Credit

Mubadala, CalPERS among institutional investors that collectively lost billions in Medallia by co-investing with Thoma

Institutional investors lost almost $3bn through equity co-investments in Thoma Bravo's failed buyout bet on Medallia, according to 9fin sources and documents.

14 Jul 2026

| US

News & Analysis

Distressed

LevFin

Entre le marteau et l'enclume — Casino banks weigh siding with Kretinsky as TLBs consider challenge

If the banks providing Groupe Casino’s revolving credit facilities go back on their earlier commitment to garner support from term loan lenders and agree to go along with the company’s decision to back controlling shareholder Daniel Kretinsky’s restructuring proposal, TLB creditors plan to challenge the plan in the French courts, according to 9fin sources.

14 Jul 2026

| Europe

News & Analysis

Distressed

LevFin

Private Credit

Borrowed time — Fervour and finance of football debt

As the 2026 World Cup enters its final week, fans are waiting to see whether football will come home this time — or whether it will be another four-year wait. Meanwhile, we’ve looked beyond the pitch at the game’s financial issues. Here, too, is a story of towering ambitions and perfervid emotions — one whose fate is intertwined less with 90-minute scores and penalty kicks than with buccaneering businesspeople and vast sums of borrowed money.

13 Jul 2026

| Europe

| US