Cloud 9fin
9fin
Leveraged finance, distressed debt, and private credit drive today’s markets. Cloud 9fin delivers expert insights on high-yield bonds, syndicated loans, direct lending, and debt restructuring. Join top analysts and investors as we explore credit markets, special situations, and private debt strategies shaping the industry.
From credit risk assessment to institutional credit trends, each episode provides actionable intelligence for fund managers, institutional investors, and financial professionals. Whether you’re tracking high-yield issuances, analyzing corporate debt, or uncovering distressed debt opportunities, we’ve got you covered.
Through its AI-powered data and analytics platform, 9fin provides everything you need to get your head around credit or win a mandate — all in one place. We help subscribers win business, outperform their peers and save time. Stay ahead in leveraged finance market trends—subscribe now for expert discussions on the forces moving global credit.
From credit risk assessment to institutional credit trends, each episode provides actionable intelligence for fund managers, institutional investors, and financial professionals. Whether you’re tracking high-yield issuances, analyzing corporate debt, or uncovering distressed debt opportunities, we’ve got you covered.
Through its AI-powered data and analytics platform, 9fin provides everything you need to get your head around credit or win a mandate — all in one place. We help subscribers win business, outperform their peers and save time. Stay ahead in leveraged finance market trends—subscribe now for expert discussions on the forces moving global credit.
Episodes
Mentioned books
Feb 26, 2026 • 24min
Jane’s LME Addiction — Debevoise star recruits discuss whether LM is just amend and pretend
Daniel Shamah, a restructuring practitioner blending litigation and finance; Sam Newman, a seasoned bankruptcy lawyer with national experience; and Rachel Ehrlich Albanese, a restructuring partner focused on special situations. They debate LME versus in-court fixes. They discuss rising filings, creditor behavior, macro pressures like PE exits and rates, and how litigation shapes liability management.
12 snips
Feb 24, 2026 • 30min
Private Chat — Doing the safety dance in the lower middle market
Reed Van Gorden, Head of Origination at Deerpath with ~10 years leading lower middle market deal teams, and Natalie Garcia, Head of Underwriting with a decade running a 15-person underwriting group, discuss the resilience of the lower middle market. They cover sponsor-driven term migration, underwriting discipline and covenants, origination advantages as a lead lender, and sector interest in IT services.
10 snips
Feb 17, 2026 • 20min
What’s in the EA endgame?
Anthony Park, a legal analyst who explains indenture clauses and defeasance mechanics. Steven Price, a senior credit analyst who breaks down EA bond trading, tenders and cost estimates. They discuss why EA notes traded below par, the mechanics and conditions for defeasance, how a tender or defeasance could cut costs, and timing tensions with potential downgrades.
9 snips
Feb 11, 2026 • 13min
Turning working capital into liquidity with SLR’s Mitch Soiefer
Mitch Soiefer, partner and head of lender finance at SLR Capital Partners, specializes in asset-based lending and working capital finance. He explains carving out receivables and inventory to unlock liquidity. He walks through SPVs, first-lien structures, and underwriting checks. He outlines which companies fit these ABL carve-outs and why the trend rises late in the credit cycle.
Feb 9, 2026 • 13min
Syndication Nation — The TLA-ming of the shrew
Sunny Oh, a senior reporter on leveraged finance, and Yiwen Lu, a reporter covering syndicated loans, unpack the resurgence of Term Loan A financings. They explain TLA features, why banks are using them to outmaneuver direct lenders, how TLAs showed up in recent jumbo buyouts like Hologic, and how the investor base and risks around flipping and covenant tradeoffs are evolving.
Feb 5, 2026 • 25min
Syndication Nation — Recapping a jam-packed January with AGL’s Wynne Comer
Wynne Comer, COO of AGL Credit Management with deep experience in syndicated loans and private credit. She recaps January’s tight financing and rapid two-week trading swing. She talks quality bias toward B1/B2 loans, capital flows between broadly syndicated loans and private credit, vibe coding hype in tech, and how AI tools augment credit research.
5 snips
Jan 29, 2026 • 38min
Snooze/lose hits different in America
David Hahn, a Davis Polk partner who advises lenders on syndicated and private credit and restructurings, breaks down snooze/lose clauses and their rise from Europe to the U.S. He explains how they change voting mechanics and lender risks. He covers different clause formulations, tracking burdens for lenders, and complications for CLOs and private credit.
Jan 21, 2026 • 25min
Distressed Diaries — Ardagh CDS and the empty glass paradox
Dan Alderson, Editor at 9fin and CDS expert, dives deep into the complexities surrounding Ardagh's CDS and the contentious debate on deliverable obligations. He explains Arini's provocative argument that equitised SUNs should carry a zero outstanding principal balance. The discussion takes a twist with counterarguments from Tresidor and Laurion, highlighting the legal intricacies of binding restructuring. Alderson further analyzes the Determinations Committee's split decision and its implications for the future of credit default swaps and market predictability.
16 snips
Jan 19, 2026 • 18min
Venezuela — A change is gonna come, but who will collect?
Xóchitl Herrer, a seasoned Latin America editor and reporter, dives deep into Venezuela's tumultuous financial landscape. She discusses the aftermath of Nicolás Maduro's removal and the complex web of creditor groups, highlighting significant arbitration claims from companies like Conoco and Exxon. Xóchitl also explores the challenges of restructuring the country’s debts, potential funding pathways, and the crucial role of new leadership in these negotiations. Her insights illuminate the intricate dynamics of Venezuela’s financial future and recovery strategies.
Jan 13, 2026 • 25min
Jane’s LME Addiction — Co-Optimum — Navigating the Altice USA antitrust litigation
In this episode of Jane’s LME Addiction, our head of LME coverage Jane Komsky brings in Josh Brody and Kenneth Reinker from Cleary Gottlieb to discuss the Optimum Communications fka Altice USA antitrust litigation related to cooperation agreements. They provide an overview of the litigation and discuss the likelihood of success, the pitfalls of certain arguments, and whether this litigation is likely to impact how co-ops are formed.Find all our coverage on co-ops and LMEs at 9fin.com.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!
