Welcome to The Brink. I’m Reshmi Basu, a reporter in New York, where I looked how some cooperation pacts are fueling divides between creditors. We also have news on First Brands, Gen Z credit scores, and David versus Goliath faceoff in the world of municipal finance. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
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In recent years, creditors to struggling companies have often resorted to signing cooperation pacts, meant to prevent infighting among lenders that signed it. However, a clause in some coop agreements is creating large divides between creditors, and, at times, producing ...
