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