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Podcast: Octus Radio
Episode: EMEA Core Credit: 2023 Maturities; Norican; Adler; Value Leakage Risk in Loan Documents (Aug. 5)
Description: Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- A summary of high-yield and loan credits with maturities in 2023, as a challenging primary market makes refinancing difficult.
- The latest news on German real estate company Adler Real Estate.
- An overview of Danish industrial engineering group Norican and the refinancing prospects of its €340 million senior secured notes due in May 2023.
- Increased value leakage risks for lenders where a senior facilities agreement has a so-called Available Amount basket, with no a...