Elliott Management, a major US hedge fund, made an $8 billion bet last year to buy Citgo, Venezuela's state-owned oil refinery business in the US. They were hoping for a massive windfall worth potentially $13 billion, but things just got a lot more complicated. The whole deal started because a US court ordered Citgo to be sold to help pay back Venezuela's creditors. Elliott jumped at the opportunity, using their typical playbook of aggressive legal tactics and distressed debt

China's biggest property developers are fiiiiinally  coming to the table on their debt restructuring deals, but it's not because things are getting better - it's because everyone's given up hope that they will. Eight out of China's 10 most debt-heavy developers have basically finished restructuring their offshore debt. The whole sector has been a complete disaster since defaults started piling up back in 2021, with the total damage now sitting at $130 billion. The change in c

You know how everyone was freaking out when the Fed started hiking interest rates like crazy? There was all this doom and gloom about...

With market volatility and consumer stress run amok these days, things could escalate into more widespread stressed and distressed debt,...

Let's talk about what's happening with private equity-backed companies. It's quite a story! In 2024, we saw a record number of...

Sri Lanka just struck a deal to restructure about $17.5 billion in external commercial debts. They've been in talks with two main groups:...

Inside Argentina’s Courtroom Tango Not since Eva Peron has there been such drama in Argentina. Former shareholders in the...

So, it looks like the residential real estate sector in China didn't take as big of a hit in June compared to previous months. The value...

So, let's talk about the messy situation surrounding Pluralsight, a workforce technology company, and its $1.7 billion debt. It seems...

So, here's the deal: Andrew Jones, the big boss at LondonMetric, one of the UK's top listed landlords, has a bone to pick with office...

Well, here's a tale of financial woes and litigation drama that will leave you scratching your head. Credit Suisse bondholders are taking...

China's real estate rollercoaster has been a wild ride lately, but hold on to your hats because there may be some light at the end of the...

Inter Milan, the legendary football club in Europe, is changing hands like a hot potato. After defaulting on a loan, the Chinese owner...

Unraveling New York’s Proposed Sovereign Debt Stability Act New York is cooking up a new law called the Sovereign Debt Stability Act. The...

FTX customers hit the jackpot with reimbursement plan after crypto exchange's downfall Here’s some great news for FTX customers. Remember...

Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout

Venezuela's government has just hired Rothschild & Co. to help them figure out their foreign debt mess. The idea behind this move is to...

In 2022, FTX, one of the largest crypto exchange companies, hit a financial pothole and ended up going bankrupt. This was a bummer for...

Fitch Ratings, a big shot in credit rating agencies, has updated its U.S. Market Concern Loan and Bond lists. These lists include issuers...