Private Equity’s Distressed Debt Leaps 18% From March: The Brink

Welcome to The Brink. It’s Giulia Morpurgo, a reporter in London, where I’ve been looking at distress rising distress in private equity-owned companies. We also have the latest on the restructuring at Atos, Brazil’s InterCement and a copper miner’s bankruptcy. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @gmorpurgo.

Swallow the Lump

Distressed debt in private equity-owned firms is soaring as interest rates remain stubbornly high, offering a glimpse at the pain ahead for the industry. Leaders bemoaned the grim outlook during a gathering in Berlin last week, with Apollo’s Scott ...