AMERICAS DISTRESS DAILY: Many Revamps Involve Private Credit

Some 80% of restructuring situations being handled by Macfarlanes involve private credit, says the head of the law firm’s restructuring and insolvency group, with “nearly all” complex efforts including PC funds.

• Amid the boom in private credit many companies backed by private capital have been through the wringer as interest rates have stayed stubbornly high and Trump-induced fears about the global economy are an overhang

In Other News:

• A proposed asset sale by Royal Paper has drawn objections from the US Justice Department’s bankruptcy monitor and an unsecured creditors’ committee, which warned the company could end up administratively insolvent.
• EchoStar ...