Bankruptcy

Default interest and tender under the spotlight in landmark case

A UK case provides clarity on the enforceability of default interest rates, according to Donna Newman and Peter Sequeira at Stephenson Harwood.

Medallia taken over by Blackstone-led creditor group

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

S&P, Moody’s say resilient borrowers entered a vulnerable window in Q1

Two reports agree on the challenges and apparent ‘calm’ of 2026, but suggest different views of what comes next.

KBRA: A Medallia default would cause widespread, but not catastrophic effects

If the customer/employee management platform defaults, more than $5bn of equity value would be at risk of being erased, report says.

Trade groups dispute antitrust label on creditor co-operation agreements

The groups have submitted an amicus brief saying creditor-on-creditor co-operation is not an illegal cartel and requested that a suit be dismissed.

The illiquidity crisis: Democratised and distressed

Matthias Kirchgaessner examines retail redemption stress, institutional contagion channels and the broader repercussions for the private credit market.

Strategy guide: Reputation

Souring customer relationships can have an outsized effect on future deals in what is a relatively small segment of the industry.