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23andMe, a human genetics and biotechnology company providing DNA testing kits directly to consumers, has entered Chapter 11 protection to undergo a court-supervised sale process. on.iongroup.com/42cApZY

Japanese investment firm ORIX Group is in talks to back Hilco Global to help support the financial services business’s growth ambitions. Orix is expected to pay out over USD 1bn over several years to senior Hilco executives as part of the deal. on.iongroup.com/4j5XyE2

There has been a recent sense of encouragement coupled with a tinge of disappointment for investors craving new bond supply. on.iongroup.com/4ld3sF8

Second lien lenders including HPS Investment Partners are providing new money to EagleView to help facilitate an amend and extend transaction to address upcoming debt maturities. on.iongroup.com/4cdLLBf

Leveraged finance issuance across the US and European institutional loan and high-yield (HY) bond markets reached USD 509bn in 1Q25 year-to-date, broadly in line with the first quarter of 2024 and 6% down on 4Q24. on.iongroup.com/4iVcKUU

Sunnova recently furloughed many employees after issuing a going concern warning in early March. on.iongroup.com/3DZYU4B

Human genomics and telehealth company 23andMe recently filed for bankruptcy protection in the Eastern District of Missouri. The company says that it intends to use Chapter 11 to run a sale process for its assets. on.iongroup.com/4lm2fvj

Albanesi has selected advisors for its debt restructuring talks with creditors, including with holders of its 11% senior secured notes due 2031, after it announced it would miss a USD 19.6m coupon payment that was due today. on.iongroup.com/44vRgK4

An ad-hoc group of creditors to Sunnova is discussing a proposal to provide the residential solar company with a USD 20m new money bridge loan to shore up liquidity ahead of an expected bankruptcy filing. on.iongroup.com/4iVW7aV

JPMorgan Chase recently provided a private loan to ThreeSixty Group, the owner of the Sharper Image, FAO Schwarz and Vornado brands. on.iongroup.com/3YCHSAx

Direct lenders to middle market companies are pulling back as tariff uncertainty clouds the economic outlook, creating an opening for special situations investors to step in with rescue capital and hybrid financing structures. on.iongroup.com/45jMU8Z

Azul requested Chapter 11 with the US Bankruptcy Court for the Southern District of New York on the 28 May, following multiple rounds of out-of-court restructuring efforts. on.iongroup.com/4kIoc6H

Argentine banks, including Banco Macro and Banco de la Nacion Argentina, are eying the international and domestic bond markets to obtain funding. The institutions seek to further expand their loan portfolios amid a lag in deposit growth. on.iongroup.com/40a0Ejh

Direct lending activity in the US climbed to impressive levels in the first quarter of 2025. More than USD 66bn was deployed across 640 deals, showcasing the market’s resilience and growth during times of both high volatility and relative calm. on.iongroup.com/4kYLZzU

In May, Paul Hastings and Davis Polk took the top spot on the lead counsel league table, while there was a four-way tie in the financial advisor category. on.iongroup.com/3TMHU5R

Private credit markets have thrived in a low-rate, high-liquidity environment for years, with few defaults and steady returns. Restructuring experts and opportunistic investors warn that era is now ending. on.iongroup.com/3IdVMnk

Spreads are tightening in the US direct lending market as funds are under pressure to deploy amid an influx of money into the sector and limited deal flow, senior industry executives said at the Debtwire Private Credit Forum in New York. on.iongroup.com/4kw4f2B

As the pool season is reaching its peak with blazing temperatures recorded throughout the US, Leslie’s Poolmart’s ad hoc group of creditors gathered over 95% support for a cooperation agreement in place. on.iongroup.com/3GUgRCW

Unigel is negotiating a standstill agreement with certain creditors in order to avoid a new round of in-court debt restructuring. on.iongroup.com/4m852rQ

A total of 26 new mandates were awarded in 2Q25, down from 59 in 1Q25 or 74 in 2Q24. The advisory roles awarded in 2Q25 were related to 18 situations involving a total of USD 25.8bn debt, down from USD 83.9bn in 1Q25 and USD 56.8bn in 2Q24: on.iongroup.com/3IDlO3D