Debtwired!

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 complex restructuring situation facing Brightline Florida and what it could mean for creditors, investors, and the future of privately financed passenger rail.

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 author of Promise Land, on Puerto Rico's progress ten years after the fiscal crisis and the questions that will shape the island's next decade.

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 discuss the rapidly shifting landscape for credit investors. The conversation examines how aggressive sponsor tactics and the rise of liability management exercises have changed the creditor playbook, pushing lenders toward earlier engagement, tighter coordination and more creative restructuring solutions. Greg and Michael discuss the limits of LMEs, which can extend runway and preserve optionality but often delay, rather than solve, overleveraged capital structures. They also explore the growing use of cooperation agreements and pro rata frameworks to curb creditor-on-creditor violence and counter deal-away tactics. The episode highlights how lenders are increasingly acting collectively to protect recoveries and influence outcomes. Finally, the discussion turns to innovation in restructuring, from hybrid debt-equity instruments to highly negotiated DIP financings that can effectively pre-wire bankruptcy outcomes. With maturity walls looming in sectors such as software and pressure persisting in cyclical industries, lenders are preparing for a broader wave of stress that may require more proactive involvement, including stepping into ownership and driving operational change.

In this episode of Debtwired!, Madalina Iacob speaks with Zul Jamal and Barak Klein, co-heads of U.S. Capital Structure Advisory at Moelis, about how restructuring has evolved over their 25-plus years in investment banking.They discuss the shift from lighter, less-secured capital structures to today’s heavily secured debt stacks, alongside the rising cost of Chapter 11, and how those developments have reshaped restructuring strategies and have made liability management exercises increasingly important. They underscore the importance of engaging early, often two to three years before a maturity wall or liquidity event, to preserve flexibility and improve outcomes. The conversation also covers the changing creditor base and current disruption in the software sector.Jamal and Klein share lessons from notable deals, including Carvana, while highlighting the role of culture, trust and flexibility in successful restructurings. They also address common mistakes, negotiation strategy, and advice for junior bankers entering the field.