Debtwire Radio

Debtwire Municipals' interviews Emily Brock, Director of GFOA’s Federal Liaison Center. She gives us her take on top lobbying priority for munis in the new year as well as a possible wish list for the tax-exempt market for the comeback of advance refundings and Build America Bonds.

Debtwire Municipals' reporters and analysts discuss the top stories, trends and analytical reports over the course of a most memorable year in 2020.

Debtwire Municipals' Desk Editor Yong Lim interviews Tom Kozlik, Head of Strategy and Credit at Hilltop Securities Inc. He gives us his take on possible stimulus scenarios for state and local governments. We also touch upon his thoughts on Federal Reserve policies, Biden administration economic appointees and possible future downgrades in the muni market. 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

The conversation covers several trendy market topics, such as the rise of SPACS and credit bidding from the secured level

In this episode, Leland Abrams, the CIO of Wynkoop LLC and a lead portfolio manager for the Catalyst Enhanced Income Strategy Fund discusses some of his favorite themes within the legacy non-agency mortgage bond market and his outlook for 2021. Housing fundamentals should be fine, but be aware of bond structure and Libor cessation, he says.

The conversation delves into challenges community banking sector faces, particularly during this covid- period of small business volatility

Debtwire Municipals Puerto Rico-based reporter Eva Llorens discusses the Financial Oversight and Management Board (FOMB) offer to creditors, approved 20 November, that will serve as a basis for negotiations toward a new plan of adjustment for the central government. 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

Olga Kosters, head of private debt secondaries for Tikehau Capital joined the Middle Market podcast to talk about that strategy as well as the current and recent landscape for buying secondary stakes in private credit funds.

Triet Nguyen, VP of Strategic Data Operations at DPC DATA Inc. talks about disclosure in the muni market and how it has evolved. He also examines how disclosure impacts bond pricing and valuation. Debtwire Municipals Caitlin Devitt and Greg Clark round out the discussion group. 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

Jeffrey Stevenson of VSS talks rise of private debt EPISODE DESCRIPTION A discussion on the growth of private debt market and structured capital tends that have been born from consolidation in the banking industry.

Brightline Holdings LLC’s USD 2.4bn Brightline West high-speed train bond offering, which the company days ago yanked off the market, was derailed by its massive size and the project’s speculative nature, according to three portfolio managers. Debtwire Municipal reporters Caitlin Devitt and Kathie O'Donnell do a post-mortem on the failed deal. Related video: https://acuris.wistia.com/medias/y0yhom5qc5 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' reporters and analysts discuss the upcoming ballot referendums and gubernatorial elections in key states and municipalities. 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' Desk Editor Yong Lim interviews Gary Hall, who is a Partner with Siebert Williams Shank & Co., LLC (the nation's largest minority-owned investment bank). He gives us his take on possible stimulus scenarios for state and local governments. We also touch upon his experiences working in Chicago under Mayor Richard M. Daley's administration and how that city will handle a USD 1bn deficit. Lastly, Gary gives us his thoughts on the municipal market as past Chairman of the Municipal Securities Rulemaking Board. 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

The City of Detroit paid high yield prices to borrow last week when it came to market on its own credit for only the second time since its 2014 bankruptcy, reported Debtwire Municipals Caitlin Devitt. The Debtwire Municipals Mass Transit Capital Funding Tracker highlights infrastructure financing plans of the ten largest US mass transit systems. It also includes information from these borrowers’ most recent capital budgets, passenger trends, and federal funds received under provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Debtwire Municipals Head of Research Greg Clark discusses the report. 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 Middle Market reporters Giovanna Azevedo and Catherine Perloff spoke with Ted Koenig, President and CEO of Monroe Capital, about the current state of the middle market lending space and how lenders are responding to distressed deals and the uptick in M&A financing. They also discuss government COVID relief programs and what we should expect going forward.

The Puerto Rico Financial Oversight and Management Board (FOMB) appointment of Justin Peterson, managing partner of the Washington DC lobbying firm DCI Group, will result in a conservative majority at the FOMB, in which none of its members reside in the US territory, commonwealth and private officials told Debtwire Municipals' Eva Llorens. See related video: https://www.linkedin.com/posts/debtwire_puertorico-activity-6722224528514273280-qlRY/ New York City’s (NYC) borrowing costs have inched upward during retail sales of its USD 1.1bn general obligation (GO) bonds, with spreads for the GOs jumping roughly 10bps above the benchmark rate since the last time the city came to market, in August. Debtwire Municipals' Chuck Stanley breaks down the deal. 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.

Michael Eisenband, FTI Global Co-Leader of Corporate Finance & Restructuring, discusses how the next year of defaults will fare coming off what was a particularly active wave of bankruptcy filings earlier this year.

Columbia Pulp LLC, a struggling Washington State-based straw recycling plant, needs at least USD 83m in fresh capital and two years before it can start to pay back bondholders, according to a consultant’s report for bondholders. Debtwire Municipals' Caitlin Devitt discusses the situation. See related video - https://www.linkedin.com/posts/debtwire_munis-municipalbonds-recycling-activity-6719721706954616833-JdJ6/ In an interview with Debtwire Municipals' Eva Llorens, Puerto Rico gubernatorial candidate Pedro Pierluisi of the New Progressive Party said he will personally deal with all matters related to Puerto Rico’s bankruptcy and did not dismiss the possibility of restarting from scratch the pending plans of adjustment for the commonwealth and the Puerto Rico Electric Power Authority (PREPA). 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 com

In this episode, Eric Kaplan, who heads the housing finance program at the Milken Institute Center for Financial Markets, lays down his agenda in another role, the leader of the Fixed Income Investors Network’s mortgage task force. He also discusses upcoming changes to the QM rule and the impact that’ll have for non-agency investors.

For the September edition of the Middle Market Podcast, reporters Bill Weisbrod and Catherine Perloff spoke with Nicole Drapkin, a managing director at Owl Rock Capital and co-head of the firm’s opportunistic credit strategy. Drapkin discussed how her group’s approach differs from Owl Rock’s core direct lending business, and how the market has evolved since the early days of the COVID-19 pandemic in North America.