The Upgrade: Envision Healthcare Completes Two Major Restructurings in 100 Days

Loan investors are becoming increasingly concerned about the risk of aggressive out-of-court restructurings, given weaker lender protections within credit documentation. In this episode of The Upgrade podcast Bek Sunnu, Steve Wilkinson, and Minesh Patel discuss key highlights from our recently published article, "Envision Healthcare Corp.'s Two Major Restructurings in 100 Days". Related Articles: Credit FAQ: Envision Healthcare Corp.'s Two Major Restructurings In 100 Days, Sep 02, 2022 EBITDA Addbacks Continue To Stack, Feb 08, 2022 A Closer Look at How Uptier Loan Exchanges Leave Excluded Lenders Behind, June 15, 2021 Default, Transition, and Recovery: Out-Of-Court Restructurings May Lead To Repeat Defaults Among Distressed U.S. And Canadian Corporates, May 11, 2021 A Look At "J. Crew Blocker" Provisions In Loan Agreements, Sep. 23, 2019

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Introducing Our CLO Podcasts Leveraged Finance & CLOs Uncovered Podcast Everything you ever wanted to know about CLOs, Corporate Credits, Leveraged Finance and what they are. With the aim of providing market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, S&P Global Ratings is holding regular podcast episodes every fortnight, based on key features we’re seeing in corporate credits and sectors that CLOs are exposed to. The Upgrade The U.S. Leveraged Finance and Recovery team is producing a monthly podcast series entitled “The Upgrade.” This series focuses on leveraged finance issuers that have upward rating potential, providing listeners with concise insights from the primary analyst along with relevant CLO market implications. In the time of Covid-19, other timely topics are also being discussed.