26
Jun
The convergence of restructuring and private credit
In line with the rise of private credit, the number of private credit restructurings are also expected to increase. Whilst most private credit restructurings have been completed out-of-court, such as Pluralsight and Alacrity, the recent Chapter 11 filing of Zips Car Wash is the latest example of a company that has had to hand over control of the business to its private credit lenders. As private credit continues to grow and more market participants join, it is expected that more deals may be on the horizon. Our panel of experts and managers will discuss the future of restructurings in the asset class.
- What is driving the growth of private credit restructurings in the market?
- Out-of-court vs in-court bankruptcy- why are some companies filing for Chapter 11 vs out of court deals to hand the keys to lenders?
- What are some considerations direct lenders need to take into account when preparing for private credit restructurings?
- What is the outlook for 2025 and beyond?
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SpeakersMadalina Iacob Co-Managing Editor, North America Debtwire
Lauren Krueger Managing Director KKR
John Britton Partner Milbank
Fran Blair Managing Director, Credit Investments PSP Investments
Richard Miller Chief Investment Officer and Chairman of Investment Committee TCW Private Credit
Corry Short Vice President, US Credit Strategy Barclays
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