The North America Biweekly Credit Report Summary presents snapshots of research published by the Credit Research team during the two preceding weeks. The report aims to keep our subscribers informed of the biweekly research publications by providing ease of access to centralized information and the opportunity to catch-up on any research missed by readers over the prior two weeks. Each summary will include the company’s capital structure, performance summary and the Debtwire Likely to Distress (LTD) Predictive Analytics.
This week's edition includes coverage of our most viewed credit report, RealReal, where we anticipate 54%, 57% and 59% recovery in our liquidation analysis for its convertible notes in our low, base and high case respectively, with no recovery for other liabilities and equity holders.
Based on our valuation analysis, the following companies had less than 100% coverage for its secured debt:
- Audacy
Based on our valuation analysis, the following companies had less than 100% coverage for its unsecured debt:
- RealReal
- Community Health
