Just a year before the New York Knicks rode a double-digit winning streak to the NBA Finals, the company that broadcasts its games was thrown a lifeline to avoid a potential bankruptcy filing. Now, the lenders who backed that restructuring are likely cheering on the team’s success.

Two major financial firms have clashed over the restructuring of Eagle Football, the group that holds stakes in a number of football teams including the storied French club Olympique Lyonnais.

Spanish utility Cox ABG Group SA took a bridge loan to help fund a $4.2 billion asset acquisition in Mexico and placed shares as collateral.

The US government tapped law firm Kirkland & Ellis to advise on a possible rescue deal for Spirit Aviation Holdings Inc., according to people familiar with the matter.

French payments firm Ingenico, backed by Apollo Global Management, has started debt talks with creditors as it struggles to keep up with its interest bill.

Ken Griffin’s Citadel has been intertwined in Spirit Aviation Holdings Inc.’s bankruptcies over the past two years. It even parted ways earlier this year with a portfolio manager after a series of losses that included a soured bet on the distressed budget carrier.

Cineplex Inc., Canada’s largest movie theater chain, is shopping itself to potential buyers in a bid to combine with a rival.

Sotheby’s is seizing a window of opportunity to refinance debt due next year, before any disruptions from the US-Iran negotiations can derail capital-raising efforts.

Bank of America Corp. and Citigroup Inc. have sold down a multi-billion dollar bridge loan backing Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc. to a wider group of banks, a key step in one of the biggest M&A financings of the year.

Deutsche Bank AG’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter.

The giant multistrategy hedge fund Citadel parted ways with credit portfolio manager Zachariah Barratt after a series of losses, including a soured bet on Spirit Aviation Holdings Inc., according to a person familiar with the matter.

Dozens of hedge-fund and oil-company executives are gathering this week in Caracas, where Venezuela’s acting president, Delcy Rodriguez, signaled an interest in re-opening the nation’s economy to foreign businesses, according to people familiar with the matter.

Dozens of hedge-fund and oil-company executives are gathering this week in Caracas, where Venezuela’s acting president, Delcy Rodriguez, signaled an interest in re-opening the nation’s economy to foreign businesses, according to people familiar with the matter.

AMC Entertainment Holdings Inc. turned to an existing creditor to refinance debt after turbulence in public markets derailed a planned bond and loan sale — though the deal includes incentives to bring it back to investors before long.

A group of investors holding a majority of Kennedy-Wilson Inc. bonds plan to skip the company’s debt exchange offer and instead seek a cash payment, according to people familiar with the matter.

Mexico’s Braskem Idesa SAPI is in talks with creditors for finance that would fund the company through a potential Chapter 11 bankruptcy proceeding in the US, according to people familiar with the matter.

At least five high-yield credit analysts and traders have left Royal Bank of Canada in recent weeks, with some joining rival firms after the bank notched losses linked to the collapse of First Brands Group, according to people familiar with the matter.

Optimum Communications Inc. said a top law firm’s withdrawal from representing it under pressure from Apollo Global Management, Ares Management, Oaktree Capital Management and others showed that they were participating in a cartel against it.

For the better part of 15 years at law firm Kirkland & Ellis, David Nemecek made a career out of exploiting loose lending agreements to perfect what would become a well-worn dance in the world of distressed corporate debt: Craft a debt overhaul too good for one set of a company’s creditors to pass up while leaving other creditors with scraps and buying precious time for the company’s private equity owners to avoid losses.

A group of international investors holding Venezuelan bonds chose Houlihan Lokey as its financial adviser, according to people familiar with the matter, a key step as they gear up for a massive debt restructuring.