Creditors struggle to stop stressed firms borrowing more - Risk.net: Dropdowns, uptiers and double dips grow in number, and lenders can't prevent them
Office CRE Gets Even Messier: Aftermath of “The War for Space” | Wolf Street: Availability rates in the office sector – office space that is on the market for lease either by the landlord directly or by a tenant as a sublease – keeps getting worse in nearly every major office market.
Mall executive Bill Taubman talks about pandemic-shaped shopper trends, tenant demand | AP News: As the president and chief operating officer of upscale mall landlord Taubman Realty Group, Bill Taubman has a bird’s eye view of consumer habits, which have become more unpredictable since the pandemic.
Wood Pellet Maker Enviva Misses Bond Payment - WSJ: The largest U.S. wood pellet exporter is skipping a $24 million payment due to its bondholders Tuesday, as it continues restructuring discussions in the wake of a disastrous bet on future pellet prices.
Crypto Miner Core Scientific Wins Court Approval to Exit Bankruptcy - Bloomberg: Crypto mining firm Core Scientific Inc. won court approval to exit bankruptcy and implement a restructuring plan that trims about $400 million in debt from its balance sheet and fully repays company creditors thanks largely to a turnaround in Bitcoin prices over the last year.
Sam Bankman-Fried Parents Move to Dismiss FTX’s Bankruptcy Suit: Sam Bankman-Fried’s parents moved to dismiss a lawsuit brought by FTX’s bankrupt estate, saying it fails to show they had a formal role at the fallen crypto exchange or breached any fiduciary duty.
