The Brink

Power Struggle Between Distressed Firms and Their Creditors is Set to Intensify

Charlie Ergen, chairman of Dish Network, failed to get creditors to accept a haircut — Charlie Ergen, chairman of Dish Network, failed to get creditors to accept a haircut
Photographer: Jonathan Alcorn

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By Eliza Ronalds-Hannon

January 4, 2025 at 4:00 PM UTC

This article is for subscribers only.

Welcome to The Brink. I’m Eliza Ronalds-Hannon , a senior reporter in Atlanta, where I’ve been looking at the distressed debt battle that will shape investing this year. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @ElizaHannon.

The power struggle between distressed company owners and their creditors that dominated 2024 will only intensify this year amid the growing use — and criticism — of cooperation agreements that bind debt holders to act together.