Real corporate events. Real capital structures. What broke, who won, and what allocators should learn from it.
Mar 14, 2026
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1 min read
The equity market treated branded apparel as a basket. The capital structures underneath tell a different story.
Mar 7, 2026
A $2 billion term loan issued in December 2022 carried the only meaningful covenant protections in a $25 billion capital structure. Three years later, the company found a way to eliminate it. The allocator's guide to what went wrong and why it can happen again.
Feb 25, 2026
A debt restructuring with $600M in fresh cash resulted in a Bankruptcy 6 months later
Feb 17, 2026
A Capital Structure Stress Test in Real Time
Finance
+5
Feb 12, 2026
How a Restaurant Securitization Machine Ate the Business It Was Built to Feed
