creditors

5 statements across 4 episodes · 1 bullish · 1 bearish · 4 people on the record · first statement Aug 16, 2021 by Sujit Indap · across every show →

Everything said about creditors, oldest first

Aug 16, 2021
Assertion Supported
Caesars restructuring centered on fraudulent conveyance accusations over property transfers
“The mass tort in the case of Caesars is the accusation of fraudulent conveyance in these transactions where many of the top properties of the Caesars opco ended up in these affiliated entities where Apollo owned them, and they were out of the hands of Creditor…”
Sujit Indap Aug 16, 2021 ▶ 34:46 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Apr 21, 2022 neutral
Insight
Milgram: Middle-market companies typically have only 12 to 18 creditors
“A typical creditor group in a middle market company, be 1215, maybe 18 creditors, as opposed to 50 or a hundred in a large name, they have less flexible capital structure.”
Andrew Milgram Apr 21, 2022 ▶ 15:47 Andrew Milgram – Mid-Market Distressed Investing at Marblegate (Manager Meetings EP.29)
Apr 21, 2022 negative
Insight
Milgram: Passive creditors risk losing as much value to restructuring as fundamental decay
“And as a consequence, you could see the reorganization process, if you are not an actively engaged creditor, destroy as much value as the underlying fundamentals are destroying. And so you cannot be a passive participant in a reorganization.”
Andrew Milgram Apr 21, 2022 ▶ 51:38 Andrew Milgram – Mid-Market Distressed Investing at Marblegate (Manager Meetings EP.29)
Jul 25, 2022 positive
Insight
Friedman: Distressed investing is value creation rather than a zero-sum game
“I don't necessarily see it as a zero sum game at all. I look at it as us and our colleagues against the house, if you want to think of it that way. And sometimes there's an equity holder who's trying to steal stuff that should belong to the creditors at this p…”
Josh Friedman Jul 25, 2022 ▶ 40:54 Josh Friedman – Master Class in Credit Investing at Canyon (Capital Allocators, EP.263)
Feb 2, 2026 neutral
Assertion Supported
Lewinsohn: Creditor cooperative agreements surged in popularity over the last 18 months
“One thing you're seeing is co-ops, which are cooperative agreements between creditors to say, we're not going to do a deal with the company alone, neither should you, have really come into vogue over the last 18 months.”
Jonathan Lewinsohn Feb 2, 2026 ▶ 54:05 Jonathan Lewinsohn – Credit Microcycles at Diameter (EP.484)
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