Debtwired!

Debtwired!

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Debtwired! episodes

  • Inside middle-market direct lending with PGIM's Matthew Harvey

    In this episode of Debtwired!, host Amelia Weitzman speaks with Matthew Harvey, Global Head of Middle Market Direct Lending, about the evolution and maturation of the direct lending market since the GFC.

    They explore improving M&A activity, underwriting discipline amid AI-driven disruption in software, the growing opportunity in non-sponsored middle-market lending and how direct lenders can stay resilient and competitive through the next credit cycle.

    26 min
  • An ad hoc discussion of ad hoc lender groups

    On this legal-focused episode of Debtwired, Andy Serbe sits down with Stephen Silverman of Gibson Dunn to talk about ad hoc group formation trends in Chapter 11, the role they play in a plan and negotiation-focused environment, and more.

    23 min
  • 2026 Playbook: AI disruption, LME & Chapter 11 trends

    In this episode of the Debtwired Podcast, host Madalina Iacob is joined by Wariz Anifowoshe, Head of Restructuring at Fortress Investment Group, Kevin Fortunato, Portfolio Manager at Benefit Street Partners, and Scott Greenberg, Global Head of Restructuring at Gibson Dunn.

    A central theme of the discussion is AI-driven disruption, particularly in software, and how investors are positioning defensively while selectively hunting for opportunities. Panelists emphasize that AI risk is already reshaping maturity extensions, underwriting assumptions, and liability management decisions, especially for businesses facing rapid technological change. The group also explores what’s driving the unprecedented speed at which loans are trading down from CLO technicals, group-formation risk, and growing familiarity with liability management exercises (LMEs).
    Speakers expect both more LMEs and an uptick in Chapter 11 filings this year, including failed LMEs from prior vintages where balance sheets were fixed, but businesses were not. They unpack why LMEs are neither inherently successes nor failures, why every situation is bespoke, and how sponsors and not creditors typically set these processes in motion.
    Finally, the speakers conclude that cooperation agreements (co-ops) remain an essential and widely used tool for collective creditor action, and there has been no meaningful slowdown in their use since Optimum filed an anti-co-op lawsuit against its creditors.

    54 min
  • ConvergeOne ruling: What it means for excluded lenders and the future of RSAs

    Proskauer’s Global Co-Chair of Restructuring, David Hillman, joins Debtwire reporter Ayse Kelce to discuss the recent ConvergeOne ruling where excluded lenders secured a victory in the US District Court for the Southern District of Texas.

    In this episode, Hillman, who represented the minority lender group, breaks down how the bankruptcy plan was overturned due to an exclusive backstopping opportunity granted to majority lenders—ultimately violating the equal treatment requirement.

    Hillman shares his perspective on what this decision could mean for the future of liability management exercises, restructuring support agreements and creditor negotiations.

    14 min

About Debtwired!

From the publisher's feed

The restructuring podcast from the Debtwire editorial team.

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