Reorg Radio

Reorg

Reorg podcasts feature highlights from the previous week, previews of what's to come in the week ahead and deep dives on issues and companies in the distressed and high-yield space. Stay informed on what's discussed on the podcast by requesting trial access to Reorg.

All Episodes

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at potential bids for Telecom Italia and Marks and Spencer. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Nov 25

9 min 10 sec

On this week's Americas Core Credit podcast our experts discuss Riverbed Technology, Chilean Hydroelectric project Alto Maipo and the healthcare sector as well as replay a recent Reorg webinar discussing middle market DIP financings.

Nov 22

1 hr 7 min

On this week’s podcast, our Americas Core Credit team replays our Enforcement Mechanisms in Keepwell Notes webinar from October. Discussing the developments around mechanisms for enforcing keepwell deeds for offshore notes, implications for creditors, and other considerations. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Nov 14

1 hr 9 min

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Spanish real estate company Haya and German ventilation, heating and cooling systems company Flakt Group. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Nov 11

8 min

On this week’s podcast, our Americas Core Credit team takes a look at Cooper Standard, GTT, PWM Property Management, and Puerto Rico. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Nov 7

9 min 13 sec

On this week’s podcast our Americas Core Credit team replays our Covenants 101 webinar from earlier in the year discussing sources of potential value leakage. Topics include an overview on value leakage, including dividends, transfers to nonguarantor restricted subsidiaries and transfers to unrestricted subsidiaries, discussions on previous transactions done by PetSmart, J.Crew, Claire’s and Neiman and demonstrating how to calculate value leakage in debt documents. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Nov 1

1 hr 3 min

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at German real estate company Adler and gaming group Lowen Play. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Oct 29

11 min 37 sec

This week, we take a look at the “Stop Wall Street Looting Act of 2021,” LTL Management, Limetree Bay and Puerto Rico. For this week’s Deep Dive, in light of recent high-profile developments in the Asian high-yield bond market, we are treating listeners to a taste of Reorg’s coverage of the Asian high-yield space with a replay of an April 7 webinar where distressed debt analyst James Shi and John Han, partner at Kobre & Kim in Hong Kong, take a look at troubled chinese property developer China Fortune Land Development in exploring trading in distressed debt through creative enforcement approaches to unlock value of distressed onshore assets that are otherwise off limits to offshore investors. The webinar was moderated by Reorg’s managing editor of Asia Core Credit, Shasha Dai. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Oct 25

57 min 34 sec

On this week’s podcast our Americas Core Credit experts analyze some of the most prominent situations in the distressed debt, reorganization, and performing credit world including deep dives into Riverbed, LATAM Airlines and Seadrill. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Oct 18

7 min 58 sec

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Greek gaming group Intralot and the Belgian retailer AS Adventure. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Oct 15

9 min 41 sec

On this week’s podcast we replay our Covenants 101 webinar where Peter Washkowitz, head of our Americas Covenants team, discussed redemptions and the primary market as well as call protection, Dutch auctions and open market purchases of term loans, make whole payments, equity clawbacks and redemptions of high-yield bonds, change of control under bank debt and bonds and Covenant analysis for primary investors. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Oct 11

52 min 16 sec

On this week’s podcast Reorg analysts from the Americas Core Credit and Emerging Markets - Latam teams discuss progress in the Latin American airline chapter 11 cases where Avianca is soliciting votes on a plan of reorganization, while LATAM Airlines and Grupo have expressed intent to file their own respective plans in the near future. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Oct 5

53 min 53 sec

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Itaian shipping group Moby and the European plastic and flexible packaging sector. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Sep 30

10 min 39 sec

Each episode of the Reorg EMEA Middle Market podcast series features a deep dive on companies and trends in the direct lending and special situations space. Today, we discuss the recent collapse of small sized energy providers and the impact of the European energy crisis. We look at why smaller suppliers in the U.K. have been affected and what government support is available. We assess how the surge in gas prices is affecting other sectors and how this is shaping special situations in the middle market. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Sep 30

13 min 50 sec

On this week’s Americas Core Credit podcast Jeff Brenner and Julian Bulaon from our Americas Covenants team discuss how the Chinese government’s proposed revisions to Macau’s gaming laws could potentially trigger defaults and cause other problems under the debt documents of U.S. based gaming companies operating out of Macau. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Sep 27

18 min 45 sec

On this week’s podcast our Americas Core Credit experts discuss Johnson & Johnson’s response to a group of talc plaintiffs’ motion for an injunction from a New Jersey state court preventing the company from pursuing a “Texas two-step” chapter 11 strategy to shed its talc liabilities, plus our experts discuss the company Yak Access, whose creditors have began to organize, as well as Cornerstone Chemical and Puerto Rico. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Sep 20

7 min 51 sec

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Ukrainian oil and gas group Naftogaz and French conference organiser Comexposium. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Sep 16

10 min 59 sec

Each episode of Reorg’s weekly podcast series features a look back at highlights and top stories from the week in review and a preview of what's to come in the week ahead, followed by a deep dive on issues and companies in the distressed and high-yield space. For this week’s Deep Dive, Reorg’s Karen Leung and David Zubkis discuss the $4.6 billion settlement with the Sackler family in the Purdue chapter 11 cases and explore the releases of fraudulent transfer claims and third-party claims against the Sacklers. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Sep 13

41 min 22 sec

Our EMEA Middle Market experts discuss deal pipelines and important direct lending situations for the month of September.

Sep 9

9 min 25 sec

On this week’s podcast our Americas Core Credit and Americas Covenants experts discuss a recent opinion from the Murray Energy bankruptcy after a bankruptcy court upheld the waiver by a majority of DIP lenders where a minority DIP lender’s right to default interest arising from a breach of a covenant is only enforceable by the minority lender. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Sep 7

23 min 20 sec

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at U.K. retailer Iceland and German real estate group Adler. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Sep 3

9 min 30 sec

On this week’s podcast the Americas Core Credit team discusses Texas two-step bankruptcies and how the liability management maneuver could be deployed in Johnson & Johnson and Imerys Talc. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Aug 30

52 min 41 sec

On this week’s podcast the Americas Core Credit team replays our municipals webinar from a few weeks ago where members of our Americas Municipals coverage team discussed recent credit trends in continuing care retirement communities, or CCRCs, as the industry has seen a wide range of outcomes, including Vicar’s Landing’s recent borrowing of $84.4 million in connection with the expansion of its Ponte Vedra Beach community; the chapter 11 filings of The Harborside and The Buckingham; and defaulted credits that are still exploring their options, such as Glen Hope Harbor and American Eagle. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Aug 23

42 min 54 sec

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at German auto parts suppliers Standard Profil and Adler Pelzer. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Aug 19

11 min 56 sec

On this week’s podcast the Americas Core Credit team discusses Purdue, Seadrill, Limetree, Talen Energy, and Easterday, providing an overview as well as an update on each of the company’s financial situations. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Aug 16

10 min 23 sec

On this week’s podcast the Americas Core Credit by Reorg’s Sean Daly speaks to Jared Ellias, Bion M. Gregory Chair in Business Law and Professor of Law at UC Hastings College of the Law, who has recently published a paper with Ehud Kamar and Kobi Kastiel titled, "The Rise of Bankruptcy Directors." The paper analyzes the proliferation of bankruptcy experts who often join a board of directors on the eve of a bankruptcy filing as “independent directors,” and the impact of such directors on bankruptcy outcomes, including creditor recoveries. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Aug 9

52 min 28 sec

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Greek gaming company Intralot’s restructuring and the liquidation of private equity fund Novalpina. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Aug 5

12 min 20 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a discussion on (a) how certain companies that actually benefited from the pandemic (grill companies, pool companies, home improvement businesses) took advantage of the recent spike in performance by borrowing money, using the proceeds to pay their owners a dividend, and then taking the company public and (b) how these companies and their lenders could be in trouble once consumer behavior reverts to pre-pandemic levels. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Aug 1

25 min 35 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a replay of our Part 26A restructuring webinar from earlier in the year discussing how the new plan has been used in practice and how the tool's use could develop in the near future. Reorg's EMEA team was joined by industry guests Marcia Shekerdemian QC, Barrister at Wilberforce Chambers, Mark Fine, Partner at McDermott Will & Emery, Richard Fleming, European Head of Restructuring at Alvarez & Marsal and Sunay Radia, Partner at McDermott Will & Emery. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jul 24

1 hr 5 min

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, the team take a look at McLaren’s new bond and the German real estate company Corestate, which will have to address €500 million in maturities in 2022 and 2023. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Jul 23

12 min 32 sec

In this week's podcast the Americas Core Credit team covers: PROMESA Oversight Board Previews Settlement With UCC; Limetree Bay Files Ch. 11; Judge Isgur Conditionally Approves Washington Prime DS; KERP Bonuses in LSC Communications Overruled on Appeal; and Pipeline Foods’ First Day Hearing.

Jul 19

10 min 57 sec

The Americas Core Credit team takes a look at the past week including Intelsat, Washington Prime, Limetree Bay Energy, Boy Scouts and previews what's to come in the week ahead. We also include the replay of the Direct Lending in India webinar from our Asia team in May 2021. If you're not a Reorg subscriber, request access here: https://go.reorg-research.com/Podcast-Trial

Jul 9

55 min 41 sec

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at the new bond issuance by U.K. restaurant chain Pizza Express and Latvian lender 4finance's restructuring. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Jul 9

14 min 56 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a replay of our SPACs podcast from earlier in the year with Martin Forbes of White & Case. The discussion dives deep into the record amount of fundraising through SPACs, or special acquisition companies in 2021, the reasons for the surge in SPACs and why they are attractive to private equity and target companies and more. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jun 25

35 min 26 sec

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at U.K. guarantor loans provider Amigo and Ukravtodor, Ukraine’s state agency for roadways. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jun 24

13 min 10 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a discussion between Reorg Covenants analysts Julian Bulaon and Richard Barbour on Iconix Brands (https://app.reorg.com/v3#/dashboard/4703), including their recently announced going-private acquisition by Lancer Capital and the change of control implications under their debt docs. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jun 18

21 min 46 sec

This week, we take a look at Katerra, Hertz, Malinckrodt, GTT, and Kumtor Gold. Each episode of Reorg’s weekly podcast series features a look back at highlights and top stories from the week in review and a preview of what's to come in the week ahead, followed by a deep dive on issues and companies in the distressed and high-yield space.

Jun 16

1 hr 9 min

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at British auto group McLaren and German gaming company Lowen Play. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jun 11

11 min 22 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features an interview with Jeff Cohen, head of Lowenstein Sandler’s restructuring department. The interview dives deep into Cohen’s 20 year career, how he fell into restructuring and his representation of the unsecured creditors' committee in the Century 21 bankruptcy cases and retail bankruptcies. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jun 4

41 min 34 sec

This week our Americas Core Credit podcast features a replay of our recent REITs webinar discussing certain REIT subsectors and how companies have restructured capital structures in light of reduced revenue caused by the Covid-19 pandemic. Mall REITs CBL and Pennsylvania REIT have each sought chapter 11 protection, and Washington Prime Group has warned of a possible chapter 11. However, hotel REITs Ashford Hospitality and Hersha Hospitality have so far avoided bankruptcy by securing out of court financing and selling assets, respectively. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Jun 1

1 hr 6 min

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus Reorg Americas legal analysts Mike Legge and Sean Daly discuss a recent decision in the Sanchez Energy bankruptcy case, the first in a recent trend of midstream contract rejection decisions to move beyond hypothesizing in dicta and to actually authorize the rejection of a midstream agreement despite the presence of a covenant running with the land. If you are not a Reorg subscriber, request access here: https://go.reorg-research.com/Podcast-Trial

May 21

30 min 31 sec

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at the English High Court's recent decision on Virgin Active's Part 26a plan and get an update on German retailer Douglas. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

May 14

16 min 35 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus the team takes a deep dive into Bombardier and its sales involving “all or substantially all” of its assets as well as the impact these sales have on certain covenants under the indenture. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

May 7

30 min 25 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus the team replays our Intelsat webinar from earlier this year discussing the proposed plan as well as their various creditor groups and brewing legal fights. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Apr 30

1 hr 9 min

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Turkish port operator Global Ports Holding. If you are not a Reorg subscriber, request access here: https://go.reorg-research.com/Podcast-Trial

Apr 29

11 min 51 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus the team takes a deep dive on the dangers of weak MFN protection in loan documents. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Apr 23

18 min 33 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus the team takes a deep dive on the outcomes of and challenges faced by energy companies seeking to reject midstream contracts in bankruptcy replaying our webinar Midstream Rejection Issues: Debtor-Friendly Decisions Abound from earlier this year. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Apr 16

1 hr 21 min

Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at a busy period for the European primary market and look at the issues facing Africa-focused upstream energy company Tullow Oil. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Apr 15

9 min 17 sec

Reorg’s Head of EMEA Covenants Shweta Rao speaks to Senior Legal Analyst Shan Qureshi about: How the cross-class cramdown tool in the new Part 26A works in practice, with debtors able to bind whole classes of dissenting creditors to their plans; How the usefulness of the Part 26A plan has been curtailed across Europe due to Brexit and English Courts’ interpretation of the tool’s application - local law recognition procedures across Europe will need to be examined on a case-by-base basis; and How both schemes and part 26A plans are hard to successfully challenge. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Apr 14

19 min 1 sec

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus the team takes a deep dive, rounding up the most prominent high yield and distressed litigations from this week. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Apr 9

22 min 55 sec