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Debtwired!

ION Analytics
Private Credit
Restructuring
Liability Management Exercises
Artificial Intelligence
Bankruptcy
Chapter 11
Interest Rates
Leveraged Finance
Structured Finance
Sukuk
FTX
Debt Financing
Tariffs
Debt For Equity Swaps
Aviation Finance
Germany
Starug
Infrastructure Financing
Healthcare
AOFI Sharia Standard No. 62

The restructuring podcast from the Debtwire editorial team.

PublishesMonthlyEpisodes105Founded6 years ago
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Artwork for Debtwired!

Latest Episodes

In this episode of Debtwired! the discussion turns to Del Monte, as Deputy Courts Editor Andy Serbe sits down with debtors' counsel Adam Rogoff and Megan Wasson to talk about the deals, litigation, and negotiations central to managing the megacase.

In this episode of Debtwired!, Paul Greaves speaks with Stephen J. Lubben, professor at Seton Hall University School of Law and author of To Protect Their Interests: The Invention and Exploitation of Corporate Bankruptcy, about the increasingly compl... more

In this episode of Debtwired!, Debtwire Municipals Managing Editor Paul Greaves speaks with David Skeel, professor at the University of Pennsylvania Carey Law School, former chair of the Financial Oversight and Management Board of Puerto Rico, and au... more

In this episode of Debtwired!, managing editor Madalina Iacob sits down with Michael B. Chaisanguanthum, Managing Director at UBS Asset Management and Head of Restructuring for the Credit Investments Group, and Gregory Cass, Principal at PGIM, to dis... more

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Recent Guests

Stephen J. Lubben
Professor at Seton Hall University School of Law, expert on corporate restructurings
Seton Hall University School of Law
Episode: Brightline: running out of track
David Skeel
Professor at the University of Pennsylvania, Carey Law School; former chair of the Financial Oversight and Management Board of Puerto Rico; author of Promise Land
University of Pennsylvania, Carey Law School; Financial Oversight and Management Board of Puerto Rico
Episode: Puerto Rico at a crossroads: ten years after the fiscal crisis
Michael Chaisanguanthum
Managing Director at UBS Asset Management
UBS Asset Management
Episode: Advancing the ball for lenders with a new LME game plan with Greg Cass and Michael Chaisanguanthum
Greg Cass
Principal at PGIM Credit
PGIM Credit
Episode: Advancing the ball for lenders with a new LME game plan with Greg Cass and Michael Chaisanguanthum
Zul Jamal
Co-head of US Capital Structure Advisory at Moelis
Moelis & Company
Episode: Moelis restructuring co-heads discuss the evolution of distress, LMEs and Chapter 11 filings
Barak Klein
Co-head of US Capital Structure Advisory at Moelis
Moelis & Company
Episode: Moelis restructuring co-heads discuss the evolution of distress, LMEs and Chapter 11 filings
Dr. Tobias Moser
Lawyer specializing in financial restructuring
Munich, Germany
Episode: 'Shareholding as a service' in Germany
Olivia Guthorn
Managing Director in Oaktree's Opportunities Group, healthcare sector lead
Oaktree Capital Management
Episode: Oaktree Capital's Olivia Guthorn on finding value in stressed healthcare credit, sizing AI risk, and lessons from two decades of opportunistic investing
Ian Fredericks
CEO of Capital Solutions at Hilton
Hilton
Episode: Hilco’s Ian Fredericks discusses current forces reshaping retail distress

Host

Andy Serbe
Deputy Courts Editor at Debtwire; Host of the show

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Talking Points

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Puerto Rico at a crossroads: ten years after the fiscal crisis
Q: Why did you choose PROMISELAND (Promised Land) as the book title and what should readers take away?
The title reflects how promises—historical promises, political compromises, and the promise of a resolution through PROMESA—frame Puerto Rico's crisis and its path forward; the book argues the crisis is a case study in how options for large debt restructurings can work, but require careful balancing of power and democratic accountability.
Advancing the ball for lenders with a new LME game plan with Greg Cass and Michael Chaisanguanthum
Q: How does a CLO-structured convert-to-equity mechanism work in practice?
They explain an exit facility with conversion features that allows CLOs to participate as equity-like instruments post-bankruptcy, converting a portion of debt into substantial equity, while meeting legal constraints of CLO indentures.
Advancing the ball for lenders with a new LME game plan with Greg Cass and Michael Chaisanguanthum
Q: What drives the shift toward cooperative restructurings?
Greg and Mike describe pro-rata co-ops as a way to align company needs with lender interests, reduce LME friction, and steer companies toward sponsor support rather than adversarial, unilateral leverage moves.
Advancing the ball for lenders with a new LME game plan with Greg Cass and Michael Chaisanguanthum
Q: Who would you like to go first?
Michael notes the evolving dynamic in the leveraged loan/CLO market and emphasizes the two-speed market with hot loans and difficult CCC names, highlighting how liability management evolves with market conditions.
German restructurings: Kirkland's Christian Halasz on StaRUG's evolution
Q: How does the UK's restructuring framework interact with StaRUG in cross-border cases?
UK schemes and schemes of arrangement continue to be used, but recent recognition issues in Germany have pushed practitioners to carefully tailor cross-border strategies, often favoring English procedures in conjunction with StaRUG under appropriate circumstances.

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Frequently Asked Questions About Debtwired!

What is Debtwired! about and what kind of topics does it cover?

This show centers on high-stakes debt restructurings, corporate distress, and the evolving toolkit used by lenders, lawyers, and sponsors to navigate complex financial reorganizations. Across recent episodes, the editors and guests dissect liability management exercises, cross-border restructurings, and the shifting dynamics of Chapter 11, pre-packaged plans, and ad hoc creditor groups. Notable conversations explore German StaRUG developments, UK-influenced cross-border strategies, and landmark cases like FTX, Fossil, and Argo Blockchain, often emphasizing practical takeaways for corporate executives, funds, and advisory teams on preserving value, managing liquidity, and aligning stakeholder interests. The series also delves into market str... more

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Debtwired! launched 6 years ago and published 105 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Debtwired!?

Recent guests on Debtwired! include:

1. Stephen J. Lubben
2. David Skeel
3. Michael Chaisanguanthum
4. Greg Cass
5. Zul Jamal
6. Barak Klein
7. Dr. Tobias Moser
8. Olivia Guthorn

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