A group of iHeartMedia bondholders is preparing to bring lawsuit to challenge the radio broadcaster’s proposed debt deal, alleging violations of the indenture, I reported for Reorg earlier today, citing sources $IHRT

Allen Media and lenders start confidential debt negotiations, Dia Gill Patrick Fitzgerald and I reported for Reorg earlier this week, citing sources

Flooring firm Empire Today in talks with lenders for liability management deal, I reported for Reorg earlier this week citing sources

Party City prepares to file a potential bankruptcy that could lead to a liquidation as soon as this month, Skylar Chen and I reported last week, citing sources

Peep Octus’s 2025 distressed outlook, led by Harvard Zhang et al. 🎉

not smart enough to be a lawyer but I get quoted in court filings and academic literature 🙏🏻

Business process automation company Exela’s entities are preparing to file for chapter 11, after years of out-of-court financial maneuvers, per sources $XELA

Murdoch tried LME tactic by pulling a Windstream/Revlon/Incora on the family trust to give his eldest son control over his media empire after he dies. HBO’s Succession was gold, but this is platinum.🔥

We at Octus first reported that struggling drug store chain Rite Aid may need additional liquidity to stave off a second restructuring, citing sources. w/Harvard Zhang and Gaurav Sharma(高和）

LME per White Lotus’s Chelsea: “Theory that there are different groups. We are in these groups with people we know and people we don’t know. These groups are working together to fulfill this divine plan. Sometimes you don’t even know you are in the same group as someone else.”

We at Octus first reported on March 25 that privately-held Ascend Performance Materials is exploring a potential bankruptcy filing, citing sources.

Saks seeks potential FILO loan amid tariffs uncertainty, I reported for Octus fka Reorg Research yesterday, citing sources

Summer social idea 💡🎾🏓🏸🥒