Distressed Debt Market Insights
Spirit Airlines seeks court approval for new $275M DIP to facilitate sale of aircraft
The company is in the midst of winding down its remaining assets and operations after a last-ditch effort to obtain a government bailout fell short.
Introducing Default Predictor: A six-month view on leveraged loan defaults
The model currently estimates a 1.48% rolling-12-month default rate by issuer count for Sept. 30, 2026, or slightly above the 1.43% default rate as of March 31.
US leveraged loan default rates rise in March as distress ratio hits 3-year high
The Software and Healthcare Providers & Services sectors remained at the forefront of the LME landscape, with 22% and 13% shares over the last twelve months.
