CreditSights

UK Water: Love, Actually? 💧How will the final determination impact UK water companies? The recent decision marks a significant shift for the sector, but challenges remain. • Discover the changes in Totex and allowed returns • Understand the implications for Thames and Southern • Explore potential responses from major stakeholders Dive deeper into these developments and see what lies ahead for the UK water industry. Download your free report here: https://hubs.li/Q030kDPR0

General Mills F2Q25: Navigating Consumer Value Trends 📊 How is consumer value-seeking behavior reshaping General Mills' strategy? Discover how GIS is adapting to changing consumer preferences in its latest quarterly report. 📈 • Explore the impact of increased at-home meal preparation • Understand GIS's revised financial guidance and strategic focus • Learn about the company's leverage and M&A activity Stay updated on how these shifts affect the market and GIS's future. Read the full article here: https://hubs.li/Q030bvYg0

⚡Unlock Your Edge in 2025: U.S. Special Situations Outlook & 2024 Review⚡ Are you prepared to tackle the complexities of the dynamic markets in 2025? Our latest comprehensive report, equips you with the insights needed to stay ahead. 📥 Download the Report Now and equip yourself with the knowledge to make informed decisions and capitalize on new opportunities in 2025. https://lnkd.in/eCFTgnaH

CommScope's Refinancing Triumph: What's Next? 📈 What makes CommScope's latest refinancing a game changer? Discover the moves that set the stage for a more sustainable path forward: • Innovative debt restructuring strategies • Opportunistic non-core asset sales • Focus on AI / enterprise networking opportunities 🔗Get the full story and see how this impacts CommScope’s operational and financial trajectory in the years ahead: https://hubs.li/Q0301JTD0 📚Explore our case study for an in-depth look at CommScope's refinancing journey and access additional insights & resources: https://hubs.li/Q0301Fbz0

🚨 New Episode Alert! Dive into the private credit landscape with Kerstin Kubanek and Nick Baldwin, Managing Director at Lincoln International. 💬 Discussion Highlights: ▪️ Amendments & Pricing: Uncover how stable amendments have reduced price increases since late 2023, fueled by competitive lending and proactive refinancing. ▪️ Market Influence: Examine the impact of 2021 market conditions and PIK (Payment in Kind) on pricing strategies. ▪️ Performance & Strategies: Discover how private companies are excelling despite rising interest rates, as lenders and sponsors employ amendments, equity infusions, and maturity extensions to boost liquidity and portfolio health. 🔊 Tune in now for these invaluable insights! https://lnkd.in/erG6SkHX For a deeper dive, read our latest article on how pricing amendments are leading in private credit deals and for a closer look at the 2021 and 2022 vintages. Read More Here: https://lnkd.in/eaGMZbQD

Unpacking EU Insurers' Sensitivities 📊 🔎How are European insurers navigating the evolving economic landscape? Discover the key factors from recently disclosed sensitivities influencing the outlook for their their solvency ratios, including: ◾ The impact of fluctuating interest rates ◾ How credit spread and equity movements play a role ◾ Real estate trends and their effects Dive deeper to understand how these elements shape insurers' financial positions. Click here to explore the full analysis: https://hubs.li/Q02_Vhm_0

🔍 Unveiling Hertz's Strategic Moves: Explore how Hertz is redefining covenant flexibility with innovative tactics in Covenant Review's report. Key Highlights: ▪️ Strategic Innovations: Hertz employs vote rigging to challenge traditional bondholder protections. ▪️ Bondholder Implications: Potential shifts in rights and industry impact. 🔗 For the full analysis, download the report here: https://lnkd.in/ex8kEEJp Last week, Hertz issued $500M of add-on notes under its 1L indenture and sought consents to amend it. By having new notes deemed to consent, Hertz is rigging the vote. We detail the amendments, explain the vote rigging, and question its validity under the Indenture. This move could set a precedent for other issuers, eroding bondholder protections.

🔄 Discover What's Ahead: Watch the "Leveraged Finance in 2025" Panel Discussion Replay Today! Last week, CreditSights Steven Miller led an insightful panel at the LSTA and Fitch's 2025 Leveraged Finance Credit Outlook Conference that discussed essential trends and challenges poised to transform the leveraged loan and private credit landscape in 2025 Featuring industry leaders: ▪️ Scott Baskind, CIO and Head of Global Private Credit at Invesco, oversees syndicated loans, CLOs, direct lending, and special situations. ▪️ Chris Bonner, a partner at Goldman Sachs, leads the firm's Leveraged Finance Capital Markets division. ▪️ Gretchen Mohr Lam, CFA serves as the CEO of Octagon Credit Investors. ▪️ Angelo Playo is a senior member of the Leverage Finance Capital Markets team at JP Morgan. 🎥 Don't miss this opportunity—watch the replay to gain crucial insights and prepare for the future! https://lnkd.in/eh3C8W2g

LevFin Insights 2025 European Outlooks are here! 💡 Your go-to guide for high-yield bonds, leveraged loans, private credit, restructuring, and CLOs. Discover our key takeaways below: ▪️ EMEA LL Outlook 2025: M&A top of the wishlist, to rebalance deal flow and feed hungry buyers ▪️ EMEA CLO Outlook 2025: Europe’s CLO market targets €100bn in issuance across new deals and resets ▪️ EMEA HY Outlook 2025: Refinancing to roll on, with M&A boost in investors’ sights, plus strong returns and modest defaults ▪️ EMEA SS Outlook 2025: Expect resolutions for big cases and a rise in smaller corporate distress. ▪️ EMEA Private Credit Outlook 2025: An expanding M&A pipeline and interest rate cuts set to drive deal flow 🔗 Stay informed and explore the full insights here: https://lnkd.in/eWgVBMcz 👉 Want to learn more about LevFin Insights? Request a demo today: https://lnkd.in/eKKazH6x

🔍 Thames Water 1H25: Naughty or Nice? 💧 Thames Water's results were an opportunity to lobby Ofwat one last time ahead of the Final Determination on 19 December. Dive into our detailed analysis to uncover the key takeaways: 🔹Liquidity challenges and financial health 🔹Impact of rising investment 🔹Strategic moves and future outlook 🔗Get the full insights now: https://hubs.ly/Q02_Cmz40