First Brands Liquidation Cleared: A $2.3B Private Credit Hit
A Houston judge cleared First Brands’ liquidation on June 12, 2026, after $2.3 billion vanished. Here is what the failure exposes about private credit.
leveraged loans
Leveraged Buyouts 101: How LBOs Actually Work
How buyout funds use debt to acquire companies — the capital stack, IRR math, value-creation levers, and when LBO math breaks.
CLOs Explained: How Collateralized Loan Obligations Work
What is a CLO? How collateralized loan obligations slice up leveraged corporate loans into rated tranches and where the AAAs actually stand.