US IG Wrap — Amazon tips the supply scales, Accenture offers steep software concessions

Introducing 9fin DIP financing database

9fin's DIP financing database is a structured, searchable database covering mid-market and large bankruptcies, with every key term extracted and normalized so you can actually compare them.

Taking the Credit — Seeing what you want to see

Is it a bat or a butterfly? As ever, it depends who you ask. Private credit has become a financial markets edition of the Rorschach test: for every declaration of health and explanation of a maturing asset class undergoing growing pains, there are fresh cockroaches unearthing themselves and further regulatory interventions warning of echoes with the 2008 GFC.

Europe IG Wrap — Bastille Day rush tails off as oil prices rise

LatAm Weekly — Ambipar pivots and finally secures bondholder support

Asia weekly — Shapoorji’s $2.25bn refi nears finishing line

Excess Spread — PayPal print, farewell to Mileway

We don’t always spend much time on the public markets in this column, but when there are this many fascinating deals to examine, how could we do otherwise? Last week saw the launch of the mighty Lendable into the public securitisation market, and this week we have the first public slice of an absolutely emblematic private asset-based deal — KKR’s forward flow with PayPal Europe.