Lenders to Getty Images Holdings Inc. have started to organize after the debt-laden photo archive business scrapped a planned merger with Shutterstock Inc., according to people familiar with the matter.

Brand Industrial Services Inc., a scaffolding and industrial services company that does business as BrandSafway, reported sharply lower first-quarter earnings as higher costs and spending on its push into data center construction weighed on results, according to people familiar with the matter.

Brand Industrial Services Inc., a scaffolding and industrial services company that does business as BrandSafway, reported sharply lower first-quarter earnings as higher costs and spending on its push into data center construction weighed on results, according to people familiar with the matter.

Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.

Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.

Distressed opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations, according to GoldenTree Asset Management founder Steven Tananbaum.

The Aspen Group, the owner of one of the largest dental care chains in the US, is exploring tapping outside investors to tackle the maturities of roughly $3 billion of loans due next year amid weaker earnings, according to people familiar with the matter.

A debt package for the auto paint and finishing division of European chemicals firm BASF SE drew demand of over three times the deal’s size, as investor interest in the troubled sector starts to revive after months in the doldrums.

Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.

Investors, worried about artificial intelligence disrupting software companies, are skirting the most-troubled US junk debt even as they embrace risk in other markets.

Relaxing covenant requirements to win competitors in the race to fund deals is leaving sub-investment grade loan investors without their last line of defense, according to an analysis by Moody’s Ratings.

Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.

Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.

Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.

Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.