Welcome to
The Brink
. We’re
Giulia Morpurgo
and
Luca Casiraghi
, reporters in London and Milan, where we’ve been following a spate of debt-for-equity swaps in the private credit industry. We also have news on Digicel, Argentina, Venezuela and Organon. Follow
this link to subscribe
. Send us feedback and tips at debtnews@bloomberg.net
Debt Swap
It’s been a bruising week for Europe’s direct lenders. In just a few days, lenders moved to seize control of three companies across the region, a stark reminder of the risks lurking in the $1.7 trillion private credit industry.
Once rare, debt-for-equity swaps involving ...