Debtwire Radio

Debtwire senior legal analyst Richard Goldman sits down with Ian Ratner, the co-founder of B. Riley Financial's GlassRatner, to discuss the impact of COVID-19 on the middle market and the issues that middle market companies need to consider as they attempt to reopen or, alternatively, restructure.

Discussion on the options available in the Irish restructuring toolbox

Triple Five’s Mall of America — which backs a USD 1.4bn Mall of America loan — is in debt relief talks with lenders. The Minnesota property’s troubles could snowball because it cross-collateralizes the New Jersey American Dream Mall property’s loan. Debtwire Municipals' Kathie O’Donnell and Debtwire ABS’ Maura Sadovi discuss the latest on the retail behemoth. Buckingham Senior Living is asking bondholders to extend a long-term forbearance agreement set to expire on 30 June. The Texas continuing care retirement community (CCRC) fell short of forbearance covenants for operating revenues and independent living occupancy in February and March. Debtwire Municipals’ Chuck Stanley will give us the run down as well as the plans by Presbyterian Homes and Services, which operates 50 senior care facilities in Minnesota, Wisconsin and Iowa to resume regular admissions to its independent living communities. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly po

In this episode of ABS in Mind, the team hosts Caroline Chen, senior vice president, research analyst at Income Research + Management, a fixed income manager with USD 75bn in AUM, and Gene Tannuzzo, deputy global head of fixed income at Columbia Threadneedle, which manages about USD 500bn in assets. The two experts share their thoughts on risk and returns in various securitized assets.

Debtwire Municipals' Kathie O’Donnell discusses market sources that have said Florida Development Finance Corporation bonds issued for the Brightline rail line as well as bonds related to the American Dream entertainment and retail project in New Jersey, have traded at surprisingly resilient levels despite the coronavirus pandemic. Debtwire's Head of Municipal Research Greg Clark and Caitlin Devitt talk how if Congress carves a legal path to permitting sovereign states to seek bankruptcy protection based on comments from US Senator Mitch McConnell (R-KY), the political path would be blocked by fights over federal control and pension cuts, according to four municipal restructuring attorneys. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com

Debtwire Municipals' Chuck Stanley discusses how for Continuing Care Retirement Communities (CCRC) that are highly reliant on new residents for liquidity, a prolonged interruption in marketing activity could result in quickly deteriorating cash situations. Debtwire's Head of Municipal Research Greg Clark talks about some important credit characteristics of private colleges and universities rated by S&P Global Ratings in the BBB range (i.e. BBB+, BBB, and BBB-), given this credit environment. He will also introduce the Debtwire Municipals ratings tracker which presents all municipal bond rating actions taken by Moody’s, S&P Global Ratings and Fitch over the past week. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com

Debtwire senior legal analyst Richard Goldman sits down with former US Bankruptcy Court Judge, and current Richards Layton & Finger restructuring director, Kevin Gross, to discuss his illustrious career on the bench and his return to private practice.

For the April 2020 edition of the Debtwire Middle Market Podcast, reporters Bill Weisbrod and Catherine Perloff welcomed guest Taylor Boswell, chief investment officer for Carlyle Direct Lending. Boswell discussed a range of issues facing middle market investors amidst the coronavirus (COVID-19) pandemic, including changes to deal terms, the rush of revolver draw requests, and the potential business development company (BDC) industry consolidation.

For this episode of ABS in Mind, the team hosts Jim Shevlin, president of CWCapital, who provides an update on the most recent trends in the commercial real estate sector, one of the hardest-hit segments throughout the COVID-19 outbreak. Additionally, the team discusses some early signs of optimism in the CMBS liquidity crisis.

Debtwire Municipals' Caitlin Devitt discusses Preston Hollow Capital LLC’s legal campaign against Nuveen LLC that will continue, with the firm seeking monetary damages and possibly a fresh antitrust claim, after a Delaware Chancery Court judge last week found Nuveen guilty of unlawfully interfering with PHC’s business relationship. She also talks about the Provision Cares Proton Therapy Centers for Knoxville and Nashville, Tennessee which asked bondholders to approve a three-month forbearance on payments to give them time to negotiate a debt restructuring. Debtwire's Eva Llorens looks at how Puerto Rico is expected to lose USD 1.2bn in tourism revenues in 2020 due to the coronavirus pandemic, including USD 300m in hotel revenues, a situation that may impact certain bonds that are paid through hotel occupancy taxes and casinos. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in t

Debtwire senior legal analyst Richard Goldman sits down with Hilco’s Steven Wolf and Keith Spacapan to discuss the impact that COVID-19 has had on the US automotive industry.

Debtwire Municipals' Kathie O’Donnell discusses an issue involving municipal mutual funds inflows which have become concentrated among a handful of big firms. When they need to sell, the buyer universe is limited to other big fund players who are also facing redemptions. Debtwire's Maria Amante talks about a private student housing development on the University of Oklahoma's campus which is determining how to address refunds to tenants as the school sends students off campus to protect against the spread of coronavirus. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com

Debtwire APAC legal analyst Ashely Bell and senior India correspondent Pallavi Ail compare India's and Singapore's efforts to protect companies from insolvency caused by the coronavirus outbreak; what is happening to companies in India; and whether the pandemic should be deemed a force majeure event.

Debtwire senior legal analyst Richard Goldman sits down with Debtwire associate editor Will Caiger-Smith and Debtwire Par global head of primary market analysis Colm "CJ" Doherty to discuss the major market events and trends that defined a volatile 1Q20.

Debtwire Municipals reporter Chuck Stanley discusses the massive USD 2trn stimulus package passed by Congress last week with an emphasis on provisions that could affect the muni market. Debtwire reporter Caitlin Devitt looks back at the topsy-turvy week in municipal bond trading. Yields were down by record numbers last week after climbing by record numbers the week before. The recovery was due largely to the Federal Reserve’s moves to bolster the short end of the market by including munis in its liquidity programs. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com

Debtwire senior legal analyst Richard Goldman sits down with Judge Kevin Carey to discuss his professional development and achievements.

In this episode, Debtwire ABS descusses the RMBS trading frenzy of the past weeks. In addition, we provide an update on the M&A deal pipeline and where investors are seeing near-term opportunities. We end the episode with a discussion around the small business lending sector, arguably one of the first lending sectors to be hit due to the global pandemic.

Debtwire's Richard Goldman and Will Caiger-Smith sit down with Schulte Roth & Zabel's David Nissenbaum and Craig Stein to discuss the financing and liquidity crises facing alternative investment funds and managers as a result of COVID-19.

Debtwire Municipals Head of Municipal Research Greg Clark and reporter Chuck Stanley discuss New York's Metropolitan Transportation Authority (MTA) which is asking Congress for over USD 4bn in immediate assistance as ridership plummets due to the coronavirus (COVID-19) Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com

For the March edition of the Debtwire's Middle Market Podcast, Debtwire Middle Market Senior Reporter Bill Weisbrod and Debtwire associate editor Will Caiger-Smith spoke with Paul Hastings partner Bill Brady and Dan Zwirn, CEO of Arena Investors, a special situations and credit-focused investment firm. They discussed the outlook for the opaque private credit asset class against the backdrop of a coronavirus-inspired economic slowdown and liquid market selloff.