Our Work
Each report is a self-contained analysis of a live or recent restructuring, built from the underlying filings rather than secondary coverage.
What the analysis covers
We rebuild the full stack, who lent what, at what seniority and against what collateral, as the foundation for everything else.
We anchor to an enterprise value and walk it down the structure to identify the fulcrum security, the tranche that converts to the reorganised equity and controls the restructuring.
Where relevant we track bond pricing across the structure to show how the market priced the path to distress, with securities referenced to their filings.
Reach
Our published research to date, expanding across new regions.
Reports published
Exhibits built
Sectors analysed
Universities represented