In bull or bear markets there are always those that extend themselves too far. This forum is a place to discuss those instances where a company is heading into bankruptcy or engaging in the more recent trend of a liability management exercise.
This is a forum to analyze how leverage, covenants, liquidity, incentives, and accounting intersect. Topics include corporate restructurings, distressed debt, private credit, LMEs, amend-and-extend transactions, valuation under uncertainty, recovery analysis, and the mechanics of defaults and reorganizations. Both public and private markets are fair game. Posts can be related to a specific company or general topics on the credit markets.
The standard here is rigor. Claims should be grounded in documents, data, or direct market experience. Disagreement is expected and encouraged; unsupported assertions are not. The goal is to understand how and why capital fails, restructures, or survives—and what that implies for creditors, equity holders, and the broader system. |
