Rachel Butt (@rachel_butt) 's Twitter Profile
Rachel Butt

@rachel_butt

US distressed debt/special situations/ capital solutions/opportunistic credit Editor @9finHQ. Send tips to [email protected], WhatsApp, Signal, or DM.

ID: 385797927

calendar_today06-10-2011 04:28:31

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$NOVA Sunnova's debt talks are focused on a bankruptcy, and the intricate negotiations would be between only two parties: warehouse lenders led by Apollo's asset-backed specialty lender Altas SP Partners and a group of corporate creditors. More on 9fin: shorturl.at/SC6hk

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There’s another PE firm vying for Dun & Bradstreet… things just got a lot more interesting here: 9fin.com/insights/priva… with Will Caiger Smith 9fin

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So you missed out on a company's liability management deal (for better or worse), what's next? Some credit investors are eyeing secondary purchases of the new-money portion of LMEs. Read more on the trend and examples of desirable post-LME paper 9fin: 9fin.com/insights/lme-t…

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Sunnova $NOVA is fielding possible bankruptcy financing proposals from its creditors as its grace period is set to expire today (1 May). Existing bondholders are offering around $20m-$25m in bridge loan to continue negotiations: 9fin.com/news/1fbc167c-…

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$HTZ Hertz's debt climbed after the car rental company privately disclosed that it has pushed out part of its revolver's maturity to 2028. Get the deets on 9fin: 9fin.com/news/4bb123df-…

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Bayer $BAYRY — through its indirect subsidiary Monsanto — hired a restructuring lawyer to help deal with drawn-out legal battles surrounding a popular weed killer: 9fin.com/news/c5256345-…

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Saks is considering proposals from various creditor groups to potentially replace the recently announced financing from private credit lender SLR. Story by Shubham Saharan and Max Frumes: 9fin.com/news/79d11d52-…