Ideal Standard Reap Benefit of Sharing the Upside; PGS, TGS Merger; Primary Highlights
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on: -Belgian bathroom products manufacturer Ideal Standard’s recently completed Exchange Offer, Consent Solicitation and Scheme Solicitation; -The merger of Norwegian seismic exploration companies PGS and TGS, which will trigger a change of control under PGS’s 13.5% 2027 bonds, giving creditors a put option at 101. -Key highlights from the primary market, where pricing tightens on strong credits as rising supply seeks to meet pent up investor demand, while challenging deals falter. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/ #leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans