Every now and then a situation comes around that stretches the limits of possibility. System1 is just such a situation, and private credit investors should take note. 

In this week’s episode of Cloud 9fin, distressed legal analyst Jane Komsky and distressed credit analyst Swapnil Sawant reveal the playbook of SPAC-era darling System1’s unique take on a liability management exercise that highlights a novel approach asset stripping. 

Read more about the mechanics of this deal in Swapnil’s analysis on 9fin.com. To get involved in the podcast, drop us a line at [email protected].