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Lese-Ansicht

Guggenheim Ties Weigh on Acrisure Debt, Dragging High-Yield Credit Markets

It had already been a tough 2026 for Acrisure. Part fintech, part insurance broker, the firm said in late May it would cut 11% of its workforce, or some 2,250 people, as part of a sweeping overhaul to modernize operations. Some of its bonds and loans had fallen, but still remained above levels typically deemed distressed.
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Scaffolding Company’s Data-Center Pivot Cuts Into Margins

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.

Close-up of the modern data center and cabinets. Photographer: Comezora/Moment RF
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Scaffolding Company’s Data-Center Pivot Cuts Into Margins

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.

Close-up of the modern data center and cabinets. Photographer: Comezora/Moment RF
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SpaceX Debt Is ‘Biggest Rising Star of All Time,’ Marathon’s Richards Says

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.

Vehicles drive past a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on June 8. Photographer: Patrick T. Fallon/AFP/Getty Images
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SpaceX Debt Is ‘Biggest Rising Star of All Time,’ Marathon’s Richards Says

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.

Vehicles drive past a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on June 8. Photographer: Patrick T. Fallon/AFP/Getty Images
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GoldenTree’s Tananbaum Eyes Credit-Equity Disconnects in Telecom

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.

Steve Tananbaum, founder and chief investment officer of GoldenTree Asset Management LP, during the Bloomberg Global Credit Forum in New York, US, on Wednesday, June 3, 2026. The event gathers some of the industry's most influential voices to explore where debt markets go from here.
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