Brand/IP Value. Hilco Streambank's David Peress is quoted hereindiscussing loans structured upon brands.
CDS. Given the comments about CDS by Jason Mudrick (see above) and the events emanating out of iHeartCommunications Inc., credit default swaps are coming back into focus. Here (part 1) and here (part 2), Kramer Levin Naftalis & Frankel LLP's Stephen Zide and colleagues provide a solid two-part summary of the CDS determination made in the iHeart matter.
Feasibility. In an attempt to overtake Jones Day as the winner of "Most Prolific Marketing" content supplier, Kramer Levin Naftalis & Frankel LLP's Stephen Zide and David Braun provide a summary of the Paragon Offshore matter which, from our perspective, has been wildly under-covered - other than by us.
Alberta, Canada.Steps needed to weather the oil downturn. In the US, some claim that oil-related job loss is bottoming.
Coal. Restructuring professionals have made millions in Arch Coal, Alpha Natural Resources, and Peabody Energy. But there's real pain out there in coal country - pain that Trump has promised to assuage by bringing back jobs. With that in mind, "Blood on the Mountain" looks like required viewing. This preview is compelling: we urge you to watch it. Even if others are more realistic about those job prospects.
Fast Forward: Nuverra discloses restructuring talks, UCI International DS approved and marching towards confirmation, Stone Energy launches solicitation and filing in early December, JCrew hires Lazard, Homer City forbearance extended to 11/21, Paragon Offshore back to drawing board with cram-up attempt thwarted, Energy XXI announces PSA.
Rewind I: An in-depth discussion of the Nasty Galcollapse.
Rewind II: Steinway Musical Instruments. Is apparently not a restructuring target yet. The company received an equity cure from Paulson & Co., pushing any potential restructuring activity deeper into 2017. 4th Quarter sales will be critical to avoid covenant pressure in '17.
