Reshmi Basu
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Articles by Reshmi Basu
Zayo Looks to Raise More Than $3 Billion With Fiber-Backed Bonds
Photographer: Timon Schneider/SOPA Images/LightRocket/Getty Images (Bloomberg) -- Fiber-network operator Zayo Group Holdings Inc. is looking to raise more than $3 billion through a sale of asset-backed securities to refinance debt.
iHeart weighs options for podcast unit, including possible sale
IHeartMedia Inc. is exploring the sale of part or potentially all of its podcast business in an effort to raise cash and boost its struggling stock price, according to people familiar with the matter. The largest U.S. radio station owner has been in discussions with the investment bank Moelis & Co. and some potential investors on a possible sale, said the people, who asked not to be identified discussing private conversations.
iHeart Weighs Options for Podcast Unit, Including Possible Sale
Photographer: David Becker/Getty Images (Bloomberg) -- IHeartMedia Inc.
JetBlue Lenders Form Groups as Airline Downplays Financial Peril Original
A majority group of creditors to have executed a cooperation agreement that would prevent the company from striking any side deals with lenders who signed onto the pact, according to people familiar with the matter. About 55% of JetBlue lenders agreed to be part of the accord, said the people, who asked not to be named because the information is private.
JetBlue Lenders Form Groups as Airline Downplays Financial Peril
Photographer: Jeenah Moon/Bloomberg (Bloomberg) -- A majority group of creditors to JetBlue Airways Corp.
iHeart weighs options for podcast unit, including possible sale
IHeartMedia Inc. is exploring the sale of part or potentially all of its podcast business in an effort to raise cash and boost its struggling stock price, according to people familiar with the matter. The largest U.S. radio station owner has been in discussions with the investment bank Moelis & Co. and some potential investors on a possible sale, said the people, who asked not to be identified discussing private conversations.
CD&R’s Cornerstone to Go Ahead With Monarch Deal to Raise Money
Bloomberg (Bloomberg) -- Cornerstone Building Brands Inc.
CD&R’s Cornerstone to Go Ahead With Monarch Deal to Raise Money Original
is set to move forward on a deal it reached with to raise additional liquidity after months of negotiations with existing lenders, according to people familiar with the matter. The -owned company had reached an agreement with Monarch weeks ago to raise about $500 million backed by its metals business.
Apollo-Backed Heritage Inks New Money Deal With Creditors Original
-backed and some of its lenders have agreed in principle to inject the Hispanic-focused chain with $125 million of fresh money as it struggles to bring in foot traffic amid an immigration crackdown, according to people familiar with the situation. The new money will be structured to rank first in the repayment queue, said the people, who asked not to be identified discussing a private matter. The new first-out first-lien loan will pay 6 percentage points over the US benchmark, they added.
Apollo-Backed Heritage Inks New Money Deal With Creditors
Bloomberg (Bloomberg) -- Apollo Global Management-backed Heritage Grocers Group and some of its lenders have agreed in principle to inject the Hispanic-focused chain with $125 million of fresh money as it struggles to bring in foot traffic amid an...
Apollo-Backed Heritage Inks New Money Deal With Creditors
Now As one of Russia's more provocative politicians, Dmitry Medvedev, wryly noted after his country seized Japan Tobacco Inc.’s assets, smoking kills. It has also likely extinguished Tokyo’s lingering hopes for better relations with Moscow. The move was the latest in a series of provocations that …
JPモルガンなど11行、クアルトリクス債の大幅割引検討－需要喚起へ
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
JPMorgan Eyes Big Discount to Get Software Debt Off Banks’ Books
Bloomberg (Bloomberg) -- Banks led by JPMorgan Chase & Co. could offer one of the year’s biggest discounts to sell some of the $5 billion in debt for software firm Qualtrics International Inc. that the underwriters were stuck holding a few months ago.
Children’s Place Files Bankruptcy as Saudi Family Loans Run Out Original
filed for bankruptcy to address mounting losses and thinning cash reserves that have weighed on the kids clothing chain. The company filed for chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey, according to a statement. It listed both assets and liabilities of $500 million to $1 billion, and it’s in talks with multiple parties on potential transactions that would permit it to continue as a going concern.
Children’s Place Files Bankruptcy as Saudi Family Loans Run Out
(Bloomberg) -- The Children’s Place Inc. filed for bankruptcy to address mounting losses and thinning cash reserves that have weighed on the kids clothing chain.
How a Bankrupt Wine Distributor Preserved 6,000 Jobs
Photographer: David Paul Morris/Bloomberg November 7, 2026 at 4:00 PM UTC Welcome to The Brink. It’s Reshmi Basu in New York, and I’ve reporting on the wind-down of a top spirits distributor that seemed to satisfy both workers and creditors.
CD&R Said to Sell Lawn Care Firm TruGreen to Canada’s Birch Hill Original
Canadian middle-market private equity firm has agreed to buy lawn care company from , according to people familiar with the matter. TruGreen has more than 14,000 employees and operates over 290 locations across the US and Canada, according to CD&R’s website. Terms of the deal were not immediately available. A spokesperson for CD&R declined to comment. Representatives for Birch Hill and TruGreen didn’t immediately respond to calls and emails seeking comment.
Apollo’s Brightspeed in Creditor Talks for Billions in New Money
(Bloomberg) -- Brightspeed and its creditors are locked in talks for a multibillion-dollar funding lifeline as the broadband provider grapples with a heavy debt burden amid its capital intensive fiber internet rollout.
Blackstone-Backed Interior Logic Nears Restructuring Deal Original
.-backed is close to wrapping up a debt-restructuring deal in which unsecured noteholders will convert their holdings into equity, according to people familiar with the situation.
Creditors Cry Fraud as Collateral Slips Away: The Brink
In the dog-eat-dog world of distressed debt, collateral is king. Strip assets beyond creditors’ reach, and recoveries can suffer badly. Some lenders are fighting back in court, alleging that asset transfers are fraudulent and should be unwound. The lawsuits can also provide bargaining power when companies eventually come to the table to restructure. Creditors to telecom billionaire Patrick Drahi’s companies and Canadian satellite operator Telesat Canada are putting the law to the test.
Creditors Cry Fraud as Collateral Slips Away: The Brink
Welcome to The Brink . It’s Reshmi Basu and Irene Garcia Perez in New York, where creditors to Patrick Drahi’s companies have joined the growing ranks of lenders fighting asset transfers in court. We also have news on bankruptcies by The Children’s Place and a franchisee of Outback Steakhouse. Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net . In the dog-eat-dog world of distressed debt, collateral is king.
Leaked file put lenders in bind before Acrisure’s earnings win
Who’s Who: The authoritative guide to power in West Michigan From business and government to philanthropy, education and the arts, these are the leaders shaping West Michigan.
Distressed Creditors Put Asset Transfers on Trial
Creditors are challenging the transfer of a low-Earth orbit satellite networkSource: Space Systems/Loral/Intelsat SA via Bloomberg November 3, 2026 at 4:02 PM UTC Welcome to The Brink.
Mercer International Plans Chapter 11 With $1.1 Billion Debt Cut
Mercer International Plans Chapter 11 With $1.1 Billion Debt Cut By Reshmi Basu Bloomberg Industries November 2, 2026 Category: Business & Politics Region: Canada, United States Canadian pulp producer Mercer International plans to file for Chapter 11 bankruptcy as part of a restructuring that would slash its debt and bring in $400 million of new money. The company said it has entered an agreement with holders of more than 87% of its senior notes and a majority of its shareholders.
Pulp Producer Mercer Plans Chapter 11 With $1.1 Billion Debt Cut Original
Canadian pulp producer plans to file for Chapter 11 bankruptcy as part of a restructuring that would slash its debt and bring in $400 million of new money. The company said Monday it has entered an agreement with holders of more than 87% of its senior notes and a majority of its shareholders, according to a statement. The deal would exchange about $1.1 billion of senior notes for equity, reducing that debt by about 88%. It plans to file a prepackaged Chapter 11 in Texas.
Pulp Producer Mercer Plans Chapter 11 With $1.1 Billion Debt Cut
Bloomberg (Bloomberg) -- Canadian pulp producer Mercer International Inc. plans to file for Chapter 11 bankruptcy as part of a restructuring that would slash its debt and bring in $400 million of new money.
Leaked File Put Lenders in Bind Before Acrisure’s Earnings Win
Photographer: Thomas Fuller/SOPA Images/LightRocket/Getty Images (Bloomberg) -- Insurance brokerage and fintech Acrisure reported third-quarter earnings that showed an improvement in broker retention, after a period in which it inadvertently gave...
Children’s Place Mulls Possible Liquidation Option in Bankruptcy
is preparing to file for bankruptcy and pursue a sale that could either keep the business operating or result in its liquidation, according to people familiar with the situation. Existing shareholders are expected to be wiped out as part of the restructuring, they added. The company is weighing bids from an investor consortium as well as liquidators, said the people, who asked not to identified discussing a private matter.
Children’s Place Weighs Possible Liquidation Option in Bankruptcy
Photographer: Arturo Holmes/Getty Images (Bloomberg) -- The Children’s Place Inc.
Children’s Place Mulls Possible Liquidation Option in Bankruptcy
is preparing to file for bankruptcy and pursue a sale that could either keep the business operating or result in its liquidation, according to people familiar with the situation. Existing shareholders are expected to be wiped out as part of the restructuring, they added. The company is weighing bids from an investor consortium as well as liquidators, said the people, who asked not to identified discussing a private matter.
ジャンク債の買い取りをアリニに提案、オークツリーやピムコ－関係者
年初来の運用成績がマイナス約26%に落ち込んだヘッジファンド運営会社アリニ・キャピタル・マネジメントは、同社が保有するハイイールド債（高利回り債）の一部について、パシフィック・インベストメント・マネジメント（PIMCO）やオークツリー・キャピタル・マネジメントなど資産運用会社から買い取りのオファーを受けた。事情に詳しい複数の関係者らが明らかにした。...
Arini Gets Bids on Junk Debt From Pimco, Oaktree as Losses Mount Original
, which has been beset with losses this month, has gotten bids on some of its high-yield debt holdings from asset managers including and , according to people familiar with the matter. London-based Arini, founded by , has already sold some of its positions in large speculative-grade companies and dealers are holding talks with prospective buyers about offloading more, some of the people said, asking not to be identified because the discussions are private.
Arini Gets Bids on Junk Debt From Pimco, Oaktree as Losses Mount
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Photographer: Ethan Swope/Bloomberg (Bloomberg) -- Arini Capital Management, which has been beset with losses this month, has gotten bids on some of its high-yield debt holdings from asset managers including Pacific Investment Management Co. and...
By Laura Benitez Verified, Reshmi Basu Verified, Irene García Pérez Verified, Irene Perez, Giulia Morpurgo Verified, Nishant Kumar Verified
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Bloomberg News
Verified
ジャンク債市場で不安増大、欧州有力ファンドの26%損失で動揺走る
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Applebee’s Owner Said to Get Buyout Bid From Cobblers, Arkhouse Original
and are seeking to buy Applebee’s and IHOP franchisor , according to people familiar with the matter. The investor group submitted an offer to the company’s board on Monday worth $39 a share in cash, said the people, who asked not to be identified because the matter isn’t public. That would be a premium of about 33% on its average share price over the past 30 days. Shares of Dine Brands rose 4.2% to $33.35 at 3:51 p.m. Wednesday in New York trading, giving it a market value of $423 million. ...
Dave & Buster’s Taps Moelis to Aid on Debt as Distress Deepens
(Bloomberg) -- Dave & Buster's Entertainment Inc. has tapped Moelis & Co. to help address its $1.5 billion debt as a slump in leisure spending is pushing it further into distress, according to people familiar with the matter.
Applebee’s Owner Gets Buyout Bid From Cobblers, Arkhouse
Bloomberg (Bloomberg) -- Cobblers Cove Capital and Arkhouse Management are seeking to buy Applebee’s and IHOP franchisor Dine Brands Global Inc., according to people familiar with the matter.
Arini’s 26% Loss Rocks the Junk Market Its Star Trader Dominates Original
For as long as has traded high-yield debt, he’s been on the offensive, placing bets at a scale few in the cutthroat market dare to match. These days, though, the 36-year-old founder of is in the uncomfortable — and unprecedented — position of licking his wounds as the riskiest corner of the European junk-debt market that he’s dominated for years is slumping around him.
Dave & Buster’s Taps Moelis to Aid on Debt as Distress Deepens Original
has tapped to help address its $1.5 billion debt as a slump in leisure spending is pushing it further into distress, according to people familiar with the matter. Separately, a consortium of the company’s creditors is working with and , said the people, who asked not to be identified discussing a private matter. The group has executed a cooperation pact and is now seeking signatures to broaden support, other people said.
Star Trader’s Woes Turn Up the Heat on Riskiest Debt in Europe
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Photographer: Jose Sarmento Matos/Bloomberg (Bloomberg) -- For as long as Hamza Lemssouguer has traded high-yield debt, he’s been on the offensive, placing bets at a scale few in the cutthroat market dare to match.
By Giulia Morpurgo Verified, Nishant Kumar Verified, Reshmi Basu Verified, Irene García Pérez Verified
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Bloomberg News
Verified
Dave & Buster’s Taps Moelis to Aid on Debt as Distress Deepens
(Bloomberg) -- Dave & Buster's Entertainment Inc. has tapped Moelis & Co. to help address its $1.5 billion debt as a slump in leisure spending is pushing it further into distress, according to people familiar with the matter. Most Read from Bloomberg Separately, a consortium of the company's creditors is working with PJT Partners and Gibson Dunn & Crutcher, said the people, who asked not to be identified discussing a private matter.
JetBlue Lenders Organize After Stock, Debt Fall to Record Lows
Bloomberg (Bloomberg) -- JetBlue Airways Corp.’s creditors are organizing with advisers as the airline comes under intensified pressure ahead of its third-quarter earnings report, according to people familiar with the matter.
JetBlue Lenders Organize After Stock, Debt Fall to Record Lows Original
’s creditors are organizing with advisers as the airline comes under intensified pressure ahead of its third-quarter earnings report, according to people familiar with the matter. A group of creditors, including holders of due 2031 and a $742 million , are working with and , the people said, asking not to be identified discussing private information. The debt and JetBlue shares reached record lows this week.
JetBlue Lenders Organize After Stock, Debt Fall to Record Lows Original
(Bloomberg) -- JetBlue Airways Corp.'s creditors are organizing with advisers as the airline comes under intensified pressure ahead of its third-quarter earnings report, according to people familiar with the matter.
Springs Window Prepares Restructuring Plan Before Lender Talks
-backed is gearing up for restructuring talks with lenders as it looks to build up cash reserves, according to people familiar with the situation. In the coming weeks, the supplier of window blinds and shades is preparing to present a workout proposal to certain lenders to kick off confidential talks, said the people, who asked not to be identified discussing a private matter. The plan is expected to revolve around its new money needs as well as cutting its debt load, they added.
Springs Window Prepares Restructuring Plan Before Lender Talks
(Bloomberg) -- Clearlake Capital Group-backed Springs Window Fashions is gearing up for restructuring talks with lenders as it looks to build up cash reserves, according to people familiar with the situation.
Mercer International may seek US bankruptcy protection
Mercer International may seek US bankruptcy protection By Reshmi Basu and Paula Sambo The Financial Post October 22, 2026 Category: General Region: Canada, Canada West Canadian pulp producer Mercer International is laying the groundwork for a potential Chapter 11 bankruptcy filing, according to people familiar with the matter. Mercer, which has struggled with rising fiber and energy costs as well as persistent cash burn, could seek court protection in the coming weeks.
Drahi’s Optimum Mulls Possible Bankruptcy to Execute Debt Revamp Original
is considering a potential Chapter 11 bankruptcy filing as a way to pull off a debt restructuring that will hand control to lenders, according to people familiar with the matter. The telecom provider, which has a debt stack of more than $26 billion, has been closing in on a restructuring agreement with creditors.
Pulp maker Mercer is weighing possible Chapter 11 bankruptcy
Opportunistic credit investor Redwood Capital Management had been acquiring Mercer’s distressed debt, becoming one of its largest creditors and part of a majority group of bondholders. Canadian pulp producer Mercer International Inc. is laying the groundwork for a potential Chapter 11 bankruptcy filing, according to people familiar with the matter.
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