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iHeart Likely Can’t Address 2026 Maturity Wall

Reorg Blog

Given iHeartMedia’s $3 bn May 2026 maturity wall and current yields on its debt, there has been speculation in the market that the company may pursue a liability management transaction such as a drop-down.

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Compatibility Packs: a Call to Action for SAP S/4HANA Customers

SAP Credit Management

While SAP will not technically disable compatibility pack functionalities immediately in 2026, there is obviously no more support for them, and SAP does not guarantee their flawless functioning after expiration. This date is a real hard stop, because continued usage of these functionalities constitutes a breach of contract.

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Petrofac 2026 Senior Secured Notes Fall 10 Points

Reorg Blog

Quotes on Petrofac’s $600 million 9.75% 2026 senior secured notes, or SSNs, fell to the low 20s from around 30 this week.

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Wesco/Incora 2024/2026 Noteholders Affirm Opposition to Amended Plan

Reorg Blog

UPDATE 1: Wesco/Incora 2024/2026 Noteholders Affirm Opposition to Amended Plan, Question UCC Justification for Agreement to Proposal

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Navigating the Next Steps in your SAP SuccessFactors Onboarding Journey: The Value of Transformation

SAP Credit Management

planned for the 1H 2026 release. In June 2023, SAP announced the formal transformation timeline from the legacy “Onboarding 1.0” solution to the new SAP SuccessFactors Onboarding solution. With the 2H 2025 Release, Onboarding 1.0 will enter End of Maintenance, with the Depreciation of Onboarding 1.0 So what does this mean for our customers?

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Europe Care Homes: Staff Shortages, Regulatory Changes, Sale-and-Leasebacks Reduce Cash Flow Visibility; Increasing Occupancy, Easing Inflation Alleviate Some of €4B 2026 Refinancing Concerns 

Reorg Blog

The post Europe Care Homes: Staff Shortages, Regulatory Changes, Sale-and-Leasebacks Reduce Cash Flow Visibility; Increasing Occupancy, Easing Inflation Alleviate Some of €4B 2026 Refinancing Concerns appeared first on Reorg.

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Court Finds Wesco/Incora Uptier Exchange Breached Indenture, Restores Liens Securing All 2026 Wesco/Incora Notes

Reorg Blog

As expected, in an oral ruling this afternoon, Judge Marvin Isgur issued a declaration that all “rights, liens and interests” of 2026 secured noteholders survived the Wesco/Incora debtors’ March 2022 non-pro-rata secured uptier exchange transaction. Judge Isgur also declared that