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State of Distressed Debt, March 2024: BI Podcast
State of Distressed Debt, March 2024
BI Podcast
The distressed cycle is well on its well as rates pinch post-pandemic borrowers, in the eyes of William 'Tuck' Hardie, Managing Director in Houlihan Lokey's Financial Restructuring Group (3:30). He joined the State of Distressed Debt podcast team to talk liability management transactions, where we are in the cycle, and why the involvement of private credit and CLO investors may mean more persistent distress. Tuck also shares stories from his over 20 years with Houlihan and speaks to the culture that has enabled the team's success. Prior to that, Noel Hebert and Phil Brendel of Bloomberg Intelligence (BI) review renewed declines in distressed debt and the general state of the market. The podcast concludes with Negisa Balluku (BI) and Phil review ongoing bankruptcy and distressed situations including Gol, WeWork, Yellow, Audacy and Spirit Airlines (1:11:50).
Mar 09, 2024