Special situations
Read the whole file
before the market does.
In stressed and distressed credit the edge is in the documents: who ranks ahead of whom, what the baskets allow, and what the court filings actually say. CreditMarkit reads them at volume and cites every finding to its page.
Special situations fileWhat it covers
Capital structure by layerLeverage and coverage computed through each tranche
Credit agreement termsDefinitions, baskets, guarantees and covenants read from the document
Bankruptcy court formsInsolvency status read from filings, ranked by how directly they state it
Liquidity and runwayCash, free cash flow and revolver availability, each tied to its source
The system does not value claims or recommend trades. It returns cited analysis for your team to verify.
Where it fits
From first look
to the court docket.
The same engine, pointed at a bigger and messier document set.
01
Screen fast
Get a cited read of a stressed company’s liquidity and capital structure before deciding to dig in.
First look
→ cited to source
→ cited to source
02
Read the documents
Find what the credit agreement permits and where value can leak, instead of relying on summaries.
Document review
→ terms with page cites
→ terms with page cites
03
Follow the case
Read bankruptcy filings as they arrive and see what changed.
Court filings
→ status and evidence
→ status and evidence