Creditors for Platinum Equity-owned Centerfield Media are mounting organized resistance to a $785 million refinancing deal. The digital advertising firm faces a critical August debt maturity as tensions escalate.
Major private credit lenders are acquiring struggling telecom equipment provider Netceed through a comprehensive debt restructuring. The agreement reportedly includes substantial debt forgiveness and €70 million in new liquidity to stabilize the company’s operations.
Private credit firms including Pemberton Asset Management, Blue Owl Capital Inc., and Hayfin Capital Management are taking control of telecommunications supplier Netceed through a debt-for-equity swap arrangement, according to reports from people familiar with the matter. The restructuring represents a significant shift in ownership for the Cinven-controlled company, which has been facing financial challenges in the competitive telecom equipment sector.
The rapid collapse of Patrick James’ auto-parts conglomerate First Brands has revealed nearly $12 billion in debt and sparked investigations into alleged financial irregularities. The downfall has exposed significant vulnerabilities in the private credit market, with major financial institutions facing substantial losses.
The spectacular collapse of First Brands Group has sent shockwaves through financial markets, with reports indicating the auto-parts conglomerate accumulated nearly $12 billion in debt before filing for bankruptcy. According to sources familiar with the matter, founder Patrick James built his industrial empire through aggressive acquisitions funded by complex financing arrangements that eventually unraveled.
