Credit

The transaction also includes a new $750 million senior secured first-lien revolving credit facility.

The Global Distressed Credit Weekly Wrap provides a comprehensive summary of the latest news for leveraged loans and high-yield bonds, and a rundown of courtroom bankruptcy activity.

The US High-Yield Bond Weekly Wrap is the definitive report on the latest activity in the high-yield and high-grade bond markets, featuring commentary and data on the week’s headline news.

The US Private Credit & Middle Market Weekly Wrap highlights the latest activity in the private credit asset class, including in-depth stories, complemented by data on middle-market deals.

The recapitalization transaction lowers the company’s debt by about 65% and provides $75 million of new capital.

The firm said the share of private companies that reported year-over-year revenue growth totaled 70.7% in Q2, up from 69.6% in Q1.

Incumbent lender Eagle Point Credit Management served as lead investor on the loan.

Debt tranches in non-accrual status at the top ten BDCs rose to 3.95% of total debt at cost in Q2, up 20 bps from the prior quarter.

The Global CLO Weekly Wrap combines breaking commentary with the latest CLO and loan data for the US and European markets. Data includes individual deal details as well as broad market volume and spreads, divided by coupon, deal type and ratings. All charts and underlying data are provided in a corresponding data pack.

Distressed exchanges remain the dominant cause of default in 2026, at 27 of the 62 defaults YTD.

The Global Distressed Credit Weekly Wrap provides a comprehensive summary of the latest news for leveraged loans and high-yield bonds, and a rundown of courtroom bankruptcy activity.

The US High-Yield Bond Weekly Wrap is the definitive report on the latest activity in the high-yield and high-grade bond markets, featuring commentary and data on the week’s headline news.

The US Private Credit & Middle Market Weekly Wrap highlights the latest activity in the private credit asset class, including in-depth stories, complemented by data on middle-market deals.

The European Private Credit Monitor provides a high-level view of private credit market activity. Topics covered include counts and estimated volume, spread distribution and leverage.

Ares Capital, the largest publicly traded BDC, was one of only two lenders to report a year-over-year increase in funding activity.

The Global CLO Weekly Wrap combines breaking commentary with the latest CLO and loan data for the US and European markets. Data includes individual deal details as well as broad market volume and spreads, divided by coupon, deal type and ratings. All charts and underlying data are provided in a corresponding data pack.

Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR all formed strategic partnerships with NVIDIA to establish independent financing platforms.

CEO Scott Nuttall said that he does not recall a period when “the external perception is so disconnected from the operating fundamentals and how it feels inside the firm.”