Spirit’s DIP lenders mobilize to identify risks of government bailout

Excess Spread — The suits begin, Elliott sits pretty

9fin | It was only a matter of time. With nine funding silos and a £1.3bn hole to fill, cooperation among the creditors of Market Financial Solutions had a limited shelf life.

Medallia lenders to take keys in one of the largest PC restructurings on record

9fin | Thoma Bravo is expected to relinquish control of Medallia to its lenders, the culmination of one of the largest private credit-backed restructurings as tracked by 9fin to date.

Towards the breaking point, when EBITDA lies and liquidity bites

As macroeconomic headwinds and tighter liquidity conditions expose weaker capital structures, the gap between reported credit metrics and underlying liquidity is becoming a defining feature of the European distressed debt and high-yield restructuring landscape.

Arxada SUN holders sign co-op ahead of company proposal

9fin | A group of bondholders in Swiss specialty chemicals producer Arxada’s senior unsecured bonds has formed a cooperation agreement ahead of an expected restructuring proposal from the company, according to 9fin sources.

LevFin mines the Permian’s newest gold rush

Private credit league tables Q1 26 — US and Europe

9fin's private credit deal rankings for Q1 26 are now live. In the US, Churchill took the top spot with 53 deals in Q1, followed by MidCap Financial and Audax. In Europe Ares once again led overall at 26 deals, with Apollo and CVI coming in second and third respectively.