Cloud 9fin

9fin
  • 5.0 (14)
  • Business
  • Semiweekly

Leveraged finance, distressed debt, and private credit drive today’s markets. Cloud 9fin delivers expert insights on high-yield bonds, syndicated loans, direct lending, and debt restructuring. Join top analysts and investors as we explore credit markets, special situations, and private debt strategies shaping the industry. From credit risk assessment to institutional credit trends, each episode provides actionable intelligence for fund managers, institutional investors, and financial professionals. Whether you’re tracking high-yield issuances, analyzing corporate debt, or uncovering distressed debt opportunities, we’ve got you covered. Through its AI-powered data and analytics platform, 9fin provides everything you need to get your head around credit or win a mandate — all in one place. We help subscribers win business, outperform their peers and save time. Stay ahead in leveraged finance market trends—subscribe now for expert discussions on the forces moving global credit.

  1. 11h ago

    Inside Anthropic’s S-1

    **Anthropic has kicked off the road to one of the biggest IPOs of all time, and its 300 page S-1 filing has given the credit market plenty to chew on. In this episode of Cloud 9fin, interim distressed debt editor Sasha Padbidri cuts through the noise with senior reporters Maria Heeter and Dan Geiger to unpack the biggest takeaways from the filing. Tune in as they break down the scale of Anthropic’s massive AI infrastructure buildout, litigation risks, and the wildcards they’re watching next. Have any feedback for us? Send us a note at podcast@9fin.com, and be sure to check out Dan Geiger’s Hot Stacks — his weekly newsletter tracking data center deals and the dealmakers behind them. The first three editions are free to read on 9fin’s Insights page. Thanks for listening!

  2. 2d ago ·  Video

    Unpacking JP Morgan’s lower middle market push

    JP Morgan’s investment banking unit is so massive it has become almost synonymous with record-breaking financings. But a new initiative is expanding the bank’s coverage to include a segment of the market often overlooked by the largest institutions on the street: small-cap deals. This past July — just months after the firm’s bankers led the financing for Electronic Arts, the largest buyout in history — JP Morgan announced an expansion of its middle market team to focus on transactions valued at between $100m and $500m. The team has grown since. Yesterday morning (27 October), JP Morgan announced the addition of four managing directors to the small-cap team, bringing head count to 12 bankers. The small-cap space has for years had its own ecosystem: specialized investment banks, small sponsors and direct lenders fueled growth while their larger counterparts focused on transactions with bigger price tags. Recent years, however, have brought a slowdown in M&A, especially in the sponsor market, and industry players are looking down-market at opportunities to deploy capital. In this episode of Cloud 9fin, JP Morgan’s Michael Flynn, the new head of the small-cap investment banking team, talks with 9fin’s Tom Quinn about why we are seeing such growth in the space now, the role of the bank’s direct lending arm in small cap advisory work and issues founders face that are unique to the smaller market. Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

  3. Oct 22

    Jane’s LME Addiction — David Skeel talks priorities and Promesas in restructuring Puerto Rico

    Puerto Rico may have filed to formally restructure back in 2017, but the lessons that can be learned still apply today. Former oversight board member David Skeel joins Jane Komsky to discuss his new book Promise Land which delves into the creditor battles, political compromises and lessons behind and beyond his experience navigating the restructuring. Skeel maps the competing claims of roughly $18bn of General Obligation bonds, $18bn of sales tax-backed Cofina bonds, clawback creditors, pension bonds and general unsecured creditors. He also recounts Aurelius’ role and attempt to mastermind the restructuring. The discussion explains how Promesa created the oversight board and Title III restructuring framework, and why Skeel believes an out-of-court resolution was ultimately unworkable. He recounts some of the unforeseeable obstacles including Hurricane Maria, political upheaval and the pandemic repeatedly disrupted negotiations, as well as divisions within the board complicating its dealings with creditors. For distressed and municipal bond investors, Skeel’s conclusions extend beyond Puerto Rico. To get the full story, Skeel’s book is available for purchase here. Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

  4. Oct 14

    Shall I compare thee to an English restructuring?

    New Fortress Energy, Fossil Group and Argo Blockchain are putting English restructuring plans on the map for US-listed borrowers. What draws them across the Atlantic, and what does that choice mean for creditors? Will Macadam joins Linklaters restructuring partners Michael Torkin and James Warboys to break down how the US’s more comprehensive Chapter 11 bankruptcy process compares to the England’s more targeted Part 26A restructuring plan. The discussion touches upon what companies can do with a Chapter 11 filing that cannot be achieved with an English Part 26A and vice versa, why Part 26A plans have proven popular with some publicly-listed US companies, and how advisors decide where a distressed company should restructure its liabilities. Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

  5. Oct 2

    Subprime Time — What does music royalty ABS look like today?

    On the pilot episode of Subprime Time — a podcast dedicated to unpacking all things asset-backed finance (ABF) — deputy editor Sasha Padbidri and ABF reporter Harrison Connery dive into the revival of music royalty asset-backed securities. They trace the market’s evolution from “Bowie bonds” to the current impact of generative AI on the asset class. Case in point: if a heartbroken teen can prompt AI to create a custom breakup song that sounds identical to Taylor Swift, what does that mean for the value of legacy catalogs? Harrison also shares his reporting on which music catalogs investment firms are currently snapping up, plus the surprising origin story behind Kygo’s hit remix of Whitney Houston’s “Higher Love”. Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

  6. Sep 23

    One does not simply raise €15bn in Europe

    While many European direct lenders are struggling to hit their fundraising targets, Hayfin has just pulled in more than €15bn. On Cloud 9fin, Synne Johnsson speaks with Hayfin’s head of direct lending Mark Bickerstaffe about fundraising, deployment and the changing balance of power in European private credit. He explains how investor diversification away from the US has helped Hayfin attract capital. The conversation also examines portfolio resilience, inflation risks and artificial intelligence. Looking ahead, it touches on refinancing challenges around 2028 and 2029 maturities, opportunities in capital solutions and asset-backed lending, and reasons for cautious optimism about deal activity later in 2026. Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

  7. Sep 21 ·  Video

    Syndication Nation — Will protein-maxxing keep Chobani king?

    Over the last decade, household name and beloved yogurt brand Chobani has evolved from a capacity-constrained yogurt producer into a credit market darling. But tighter debt pricing is now prompting some of its longtime lenders to walk way even as they praise the business for its success. In this episode of Cloud 9fin’s Syndication Nation, US LevFin reporter David Westenhaver unpacks the interesting backstory behind Chobani with deputy LevFin editor Sasha Padbidri, including its history in the credit market and the impact of the protein-maxxing trend on the business. Since recording this podcast, the company has issued an additional $600m in debt to finance the purchase of a Pennsylvania production facility with an expected $1.2bn price tag. Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

  8. Sep 10 ·  Video

    Nube 9fin — Privatizations and concessions across Argentina

    Javier Milei’s privatization push is reopening Argentina’s infrastructure to private capital. But turning investor interest into long-term financing hinges on credible contracts, predictable tariffs and stable foreign-exchange rules. In this first episode of a two-part series, 9fin senior credit analyst Marina Varady joins Jimena Vega Olmos, a partner at Beccar Varela, Gonzalo Santamaría, a partner at Marval, and Gustavo Kopyto, a board member at TGN, to assess opportunities across privatizations, concessions and new projects. Oil, gas and mining are top of mind for investors, with export revenues and RIGI protections helping mitigate Argentine risk. The discussion also covers AySA, road concessions and planned high-voltage transmission tenders. Kopyto draws on TGN’s experience with frozen peso tariffs and dollar-linked debt to explain why respecting contracts matters. Vega Olmos outlines the return of project finance, where repayment depends on project cash flows, long-term offtake agreements and robust security packages rather than primarily on a sponsor’s balance sheet. Santamaría, in turn, highlights opportunities in export-oriented oil, gas and mining projects, while emphasizing the need for regular tariff adjustments and predictable regulation to sustain public utilities. The Vaca Muerta Sur pipeline provides a financing precedent, combining sponsor equity with a bank consortium loan involving JP Morgan, Citi and Santander. The guests discuss how capital markets, sponsor support and multilateral guarantees could fund larger developments, drawing lessons from RenovAr and Genneia. They also examine why regulated utilities require stronger protections against tariff intervention, and why local participation in Transener need not signal foreign investor retreat: domestic investors can demonstrate confidence before international capital follows. Thanks for listening and watching. If you have any feedback on this episode send us a note at podcast@9fin.com. Look out for the second episode, which delves deeper into RIGI, among other things, in the near future!

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Ratings & Reviews

5
out of 5
14 Ratings

About

Leveraged finance, distressed debt, and private credit drive today’s markets. Cloud 9fin delivers expert insights on high-yield bonds, syndicated loans, direct lending, and debt restructuring. Join top analysts and investors as we explore credit markets, special situations, and private debt strategies shaping the industry. From credit risk assessment to institutional credit trends, each episode provides actionable intelligence for fund managers, institutional investors, and financial professionals. Whether you’re tracking high-yield issuances, analyzing corporate debt, or uncovering distressed debt opportunities, we’ve got you covered. Through its AI-powered data and analytics platform, 9fin provides everything you need to get your head around credit or win a mandate — all in one place. We help subscribers win business, outperform their peers and save time. Stay ahead in leveraged finance market trends—subscribe now for expert discussions on the forces moving global credit.

Information

  • Creator
    9fin
  • Years Active
    2021 - 2026
  • Episodes
    285
  • Rating
    Clean
  • Copyright
    © 9FIN LIMITED
  • Show Website
    Cloud 9fin

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