Debtwired!

In this episode, Olivia Guthorn, Managing Director in Oaktree's Opportunities Group, describes a credit market at all-time tights that appears to be looking through potentially significant macro risks, while meaningful dispersion builds underneath, particularly in healthcare IT and software. Olivia outlines Oaktree's cautious, highly selective approach to sectors exposed to AI disruption, focusing on businesses with durable characteristics such as proprietary data, strong customer integration, high switching costs, regulatory moats, and sufficient capital to invest in new technology. For healthcare, she draws a sharp distinction between provider IT and payer IT, with the former expected to be more insulated from AI risk and the latter being more exposed given the resources and incentive large national payers have to insource.Olivia discusses how policy changes including the One Big Beautiful Bill's impact on Medicaid reimbursement, potential ACA subsidy expiration, and a growing focus on fraud, waste, and abuse are driving dispersion across subsectors, with med devices and pharma looking relatively more attractive and Medicaid-exposed services remaining challenged. She also touches upon the growing focus on private credit and how the historical notion that private credit doesn't trade is being tested, with trading activity so far remaining limited and orderly but potentially accelerating if redemption pressures increase. She highlights that the next two to three years should represent a significant opportunity for sector-specialist, bottom-up investors in opportunistic credit like Oaktree.

Ryan Mulcunry of GA Group joined Debtwire's Senior Reporter Danielle Saba on Debtwired to talk about filling in the lending gaps for retailers and the evolution of asset dispositions.

On the latest episode of #Debtwired podcast, AlixPartners Turnaround Specialist Holly Etlin joins Danielle Saba to share her insights on how retail companies are diversifying their supply base, negotiating with vendors to pay part of the bill when tariffs take effect, as well as how there needs to be a changes to assumption leases laws in court to see fewer liquidations. Tune in to hear her retail restructuring outlook for 2025 and beyond. #retailbankruptcies #retailrestructurings #assumptionleaselaw

In this episode of Debtwired, SMBC Americas’ Ben Millard joins Debtwire’s reporter Melina Chalkia to break down how the aviation debt markets have evolved post-COVID, from loyalty-backed financings to the emergence of aircraft CLOs.

On the latest episode of the Debtwired! Podcast, James Hogarth, a Partner at long-short European credit fund PVTL Point, joins Debtwire Europe’s Head of High Yield Adam Samoon to discuss the outlook for the high yield automotive sector.

In this episode of the Debtwired! Podcast, Horst Fuerpass, partner at Falkensteg, joins Johannes Koch, restructuring reporter at Debtwire, to talk about the precarious and often overlooked role of trade credit insurers in financial restructurings.

In this episode of Debtwired!, Brian Resnick, partner in Davis Polk's restructuring group and head of the firm’s Liability Management & Special Opportunities practice, joins Debtwire co-managing editor, Madalina Iacob, to discuss the current state of restructurings, how LMEs have evolved in the past year, what creative workaround structures he has seen post the Fifth Circuit decision in Serta, and the evolution of Davis Polk’s preeminent restructuring practice.

In this episode of Debtwired, Scott Greenberg, global chair of Gibson Dunn’s restructuring practice and a member of the firm's executive committee, joins Debtwire co-managing editor, Madalina Iacob, to discuss how the shifting market dynamics are influencing deal activity, liability management exercises (LMEs), and the restructuring outlook for the year.

In this episode of the Debtwired! podcast, Mike Nowakowski, Head of Structured Products at Conning, joins Melina Chalkia to break down why esoteric ABS has become one of the most compelling areas of the credit market for 2025.

In this episode of Debtwired, Claire Madden of Connection Capital discusses the evolving private capital market in the UK and the impact of recent economic and political factors on investor behavior.

On this episode of Debtwired!, Thomas Kennedy, Chief Investment Strategist for JP Morgan Private Bank, speaks to Debtwire's Melina Chalkia to discuss rising uncertainty and investment opportunities in debt markets.

In this episode of Debtwired!, host Amelia Weitzman speaks with Daniel Khan, founder of Altocrest Advisory, about how businesses can leverage debt as a strategic tool for success.

In this episode, Debtwire's Amelia Weitzman is joined by Kirstie Hutchinson and Adam Caines, both private capital partners at Macfarlanes, to discuss the state of documentation in the European private credit market.