November 21, 2025 - One of North America’s largest pallet recycling and management companies reportedly is headed toward a major ownership transition, as several of its private credit lenders prepare to exchange a portion of 48forty Solutions’ debt for equity. The development marks a significant escalation in a restructuring process first reported this summer and underscores the strain that high interest rates and cooling freight activity have placed on leveraged firms acros

November 19, 2025 - A BlackRock portfolio of private credit loans has performed poorly, prompting the money manager to waive some management fees. The portfolio's value declined enough to breach an over-collateralization test in October, which was rectified by a fee deferral that included cash from the deal's riskiest tranches. The performance of the portfolio raises questions about the outlook for the broader private credit market, which has shown signs of weakness despite

November 17, 2025 -  Blue Owl Capital Corporation II (OBDC II), one of Blue Owl's oldest private credit funds froze redemptions as requests grew above the 5% NAV cap. https://www.reuters.com/markets/europe/blue-owl-shares-extend-losses-after-blocking-redemptions-private-credit-fund-2025-11-18/

In 1964, Leon Hess—founder of the Hess Corporation—decided to give the holiday season a set of wheels. Instead of another forgettable advertisement, he commissioned a gleaming toy tanker truck, complete with working headlights and retailing for $1.29 (batteries included) . These toys were sold exclusively at his gas stations. The idea was simple yet audacious: transform the cold transaction of filling a tank into something warm, playful, and unforgettable. What began as a cle

November 4, 2025 - The home-improvement roll-up HomeRenew Buyer, Inc. (operating under the brand name Renovo) filed for Chapter 7 bankruptcy protection on Monday, marking a sudden collapse of a company that until recently touted a large footprint in the home services industry. According to court filings in the U.S. Bankruptcy Court for the District of Delaware, HomeRenew Buyer, Inc. voluntarily petitioned for relief on Nov. 3, 2025, case number 25-11939. The filing lists the

October 24, 2025 - Carlyle Group is reportedly in advanced talks to transfer control of Italian protective gear maker Dainese to private credit lenders HPS Investment Partners and Arcmont Asset Management, as the firm seeks to address mounting losses at the business. The deal, according to Bloomberg, would be among the first lender-led takeovers in Italy’s growing private credit landscape. Carlyle acquired Dainese in 2022 through a €285m debt-financed transaction, backed by p

October 24, 2025 - British auction house Bonhams has been taken over by private credit lender Pemberton Asset Management according to corporate filings. Bonhams, which was founded in 1793 in London, was purchased by private equity firm Epiris in 2018 with a loan provided by Pemberton, the filings show. The debt, around £170 million ($226 million) as of the end of 2023, paid an interest equivalent to the SONIA benchmark plus 9% and was set to mature in 2027, according to the

October 23, 2025 - Creditors have moved from lender to owner of troubled European telecom supplier Netceed through a debt-to-equity conversion that gives creditors operational control. The deal includes a fresh liquidity injection of €70m (about $81.2m), part of a wider effort to stabilize the group’s finances. Under the restructuring, multiple private credit holders agreed to forgive parts of outstanding borrowings in exchange for equity stakes. https://inforcapital.com/new

October 22, 2025 - Auto industry subprime lender PrimaLend Capital Partners LP and two affiliates filed for Chapter 11 bankruptcy protection to restructure its debts and seek a sale of its assets. The Plano, Texas-based debtor filed its petition in the U.S. Bankruptcy Court for the Northern District of Texas in Fort Worth, listing $100 million to $500 million in assets and liabilities, including $286.1 million in debt obligations. PrimaLend owes $186.5 million in senior secur

October 21, 2025 - Carriox Capital II LLC and its related companies — once presented as agile financing vehicles in telecom receivables — are now buried in Chapter 11 bankruptcy filings that reveal a staggering $552 million secured debt and almost no remaining assets. https://wirelessestimator.com/articles/2025/the-great-telecom-invoice-factoring-illusion-how-new-york-financier-carriox-capital-fooled-the-money-men/