This week’s episode also includes recaps of the district court decision reversing a Sept. 2022 Intelsat bankruptcy decision disallowing $421 million in claims, a stay of the Serta debtors’ plan confirmation and Mallinckrodt’s extension of the deadline to make opioid deferred cash payments under its plan. Also, we feature updates on Trinseo, Rite Aid and Wheels Up’s retention of restructuring and financial advisors.

And, as always, a preview of what’s coming next week.

Reorg is always looking for feedback to help us improve the podcast experience. Please take a moment to complete this short survey and let us know how we’re doing. www.research.net/r/Reorg_podcast_survey

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:

-French care home operator Orpea following the release of an independent valuation report and how it may impact the group’s restructuring;

-Swedish property group SBB’s new deal with Brookfield to sell its remaining EduCo stake, which could save it from a messy restructuring; and

-The refinancing prospects of Austrian sensor solutions group Ams-Osram AG.

If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey

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Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/

#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:

- Primary market updates;

- Reorg’s new waterfall analysis of U.K. petrol station and convenience

retail company EG Group; and

- Portability trends in European high-yield bonds in 2023.

If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey

For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/

Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/

#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

We’re taking a brief recess from our weekly interview segment this week but will be back next week with more premium content.

This week’s episode includes recaps of Judge David R. Jones’ hotly anticipated opinion confirming Serta’s chapter 11 plan and ruling that the debtors’ 2020 uptier exchange transaction was permitted under the company’s credit agreement, Cineworld and National CineMedia’s settlement of their longstanding fight over their exhibitor services agreement and chapter 11 filings from Cyxtera Technologies and Lucky Bucks. We also preview what is coming next week.

Reorg is always looking for feedback to help us improve the podcast experience. Please take a moment to complete this short survey and let us know how we’re doing. https://www.research.net/r/Reorg_podcast_survey

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:

- French care home provider Orpea ahead of the deadline for

creditors to vote on its restructuring proposal on June 22 and why

some dissenting creditors are urging fellow creditors to reject it;

- Why alternative communications network providers, or altnets, have

caught the attention of distressed investors and restructuring

advisors in the U.K.; and

- Investor concerns about British sports car maker McLaren running

out of cash, despite receiving more than £1 billion in equity

injections since March 2020.

If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey

For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/

Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/

#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:

Updates on French retailer Casino French retailer Casino, which earlier today received consent from the required majority of its 2026, 2027 noteholders to effect waivers to events of default and to make amendments to certain provisions governing the notes for the duration of the group's conciliation proceedings;

Reorg’s waterfall model of German shopping retailer HSE Finance;

B2B landscaping company Idverde’s liquidity concerns; and

A roundup of what’s going on in the primary market.

If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey

For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/

Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/

#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

To celebrate pride month, Bill Derrough of Moelis, Carol Flaton, and Nick Kaluk of Debevoise, discuss how they navigate the workplace and client relationships as professionals that identify as LGBT with Reorg’s Harvard Zhang. The speakers are members of workOUT, a group of lawyers, bankers, financial advisors and buysiders within the distressed debt and restructuring industry that get together regularly to network and develop professional relationships.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:

- The sale of the majority of U.K.-based petrol station forecourt

empire EG Group UK and Ireland fuel, foodservice and grocery

business to U.K. supermarket chain Asda;

- Why the loans of the France-based private label confectionery

maker Biscuit International have surged over 10 points this month;

- The impact of the win of Recep Erdogan as president of Turkey on

the country’s eurobonds; and

- A roundup of what’s going on in the #primarymarket.

If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey

For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/

Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/

#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:

- Latest developments of German cable TV group Tele Columbus and

German reusable transit packaging group Schoeller;

- The comeback of bank risk appetite to back deals and the space of

#privatecredit;

- UK broadband provider TalkTalk’s upcoming #debtmaturities and

broadband company Airband’s capital raise; and

- A roundup of what’s going on in the #primarymarket.

If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey

For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/

Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/

#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans

Lee Buchheit, a former partner at Cleary Gottlieb and a veteran of sovereign debt restructuring, discusses the history and future of value recovery instruments. During his 43-year career at Cleary Gottlieb, Buchheit advised governments in many of the biggest sovereign restructurings, including Iraq, Argentina and Greece.

#restructuring #distresseddebt #desbtrestructuring