Hunkemöller is in hot water! 🌊 The Dutch lingerie giant has faced backlash from some creditors after agreeing to an uptiering deal with major bondholder Redwood Capital Management, LLC. With €186m of its €272.5m 9% SSNs maturing in 2027 held by Redwood, it secured a €50m loan in exchange for prioritizing Redwood’s portion of the notes. 👀 With Redwood's majority, Hunkemoller amended the notes, delisting €186m on 21 June. 💶 Check out 9fin's coverage by Bianca Francesca Boorer and Rachel Butt here — https://lnkd.in/ebkQcbiD
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Will private equity ownership of major audit firms like Grant Thornton (US), Baker Tilly US, EisnerAmper and Citrin Cooperman lead to a clash of cultures? 🥊 Our LevFin editor David Bell and senior reporter Sasha Padbidri are joined by CalPoly professor Dr Steven Mintz in a conversation focused around this question and more in this week’s episode of Cloud 9fin. 🎙 Listen wherever you get your podcasts. 🎧 Apple Podcasts 👉 https://lnkd.in/eGKfw-wv Spotify 👉 https://lnkd.in/ev-ghWVr
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“The Belfast office is around 25 people. That was our initial starting point… but we’ve got office space for at least 60 and expect to continue to grow the team in the next couple of years” - Steven Hunter, CEO and co-founder 👏 Great to be featured in the Belfast Telegraph this week, following our Belfast office launch! Check it out here: https://lnkd.in/eQrbS7Ye
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Our Recordati credit research dropped on Monday — but if you’re a 9fin subscriber, you would have had a detailed review on refi options, org chart, and covenants *months* ago in our deal prediction 💅 A peek at what’s inside: - A business overview of Recordati, one of the largest Italian pharmaceutical companies - Pricing estimates on the new high yield bonds - Access to Recordati’s refinancing plan, which we accurately predicted in December And much more. Download our credit research here: https://lnkd.in/gJtnf_bG
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The full recording of our ‘Feature Focus — How 9fin is harnessing AI in leveraged finance’ webinar is now available. 🔴 In this first session, 9fin’s Jack Griffiths and Sean Löfgren explored our latest AI feature releases. The walkthrough covers key features integrating the latest NLP technology, such as 9fin AI and AI Transcripts, which help users save time. Things you’ll learn from the recording: 👉 How 9fin uses AI to analyse earnings calls 👉 How to use 9fin’s AI search function to find information faster 👉 Upcoming applications of AI on 9fin’s roadmap Request the recording here — https://lnkd.in/eAcch65z
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"Cautious, innovative, and under deployed” Those were the words used by Stuart Brinkworth from Mayer Brown to describe the private credit market in the first half of the year in our 9Questions interview. Stuart shares his thoughts on how a Labour win might impact the market, the absence of dividend recaps, and predictions for H2. Read now 👉 https://lnkd.in/gVsW6xZc #privatecredit #ukelection #finance
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T-MINUS NINE DAYS until our in-person event with Data Idols on automating the [bleep] out of finance! London, 18 July, 6pm-9pm. We’re down to a handful of tickets, so make sure you sign up ⤵️ https://lnkd.in/gvk8f6ba
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9fin’s Sammy C. was honoured to attend the House of Lords yesterday afternoon for the CGI and Digital Leaders #NetZero50 launch for 2024. This event celebrates 50 individuals leading the UK's efforts towards achieving Net Zero. 🌏 With the new government prioritising #NetZero, and Ed Miliband now appointed Secretary of State for Energy Security and Net Zero, we are looking forward to exciting times ahead! 🚀
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