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

Comparables

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

Earnings

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

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

Distressed and Restructuring

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

News

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

Financials

New deal analysis and 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

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

Search

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

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

Structured Credit 

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

Private Credit 

Sasha Padbidri

Bill Weisbrod

Rachel Butt

Beverage company Tropicana’s loan debt traded down several points after its management projected flat full-year 2024 EBITDA on a 16 September call, according to sources.

The PAI Partners-owned company, whose portfolio of juice brands include Tropicana, Naked and KeVita, is now forecasting FY24 EBITDA in the low $300m range as it grapples with inflation and increasing orange prices.

The company’s term loan B due 2029 dropped more than two points to 80.25 on 16 September, versus 82.8 on 13 September. The second-lien loan due 2030 was quoted at 63.75 on 16 September, representing a nearly five point decline since 13 September.

9fin previously reported that Tropicana recorded adjusted EBITDA of $48m for the quarter ending 15 June, representing a 25% YoY decline. The company was levered 7.6x on a net basis for the second quarter, based on $335m in LTM pro forma adjusted EBITDA.

A spokespeople for Tropicana did not return a request for comment. PAI Partners declined to comment.

Find out what else we do for distressed here.

🍪 Our Cookies

Tropicana’s debt dips again following flat FY EBITDA projection

Read all our public content for free

Recently Published

Lenders resist KKR’s co-op ban in Stepstone carve-out financing

9Questions — Ashwin Krishnan, Morgan Stanley — Opportunistic credit finds itself in the LP spotlight

European Distressed Year in Review 2024

Taking the Credit — Highlights of 2024

What are you waiting for?