The Shot Clock is Expiring: For years, lenders helped troubled companies extend the game – resetting possessions with amendments, PIK structures, maturity expansions, and liability management exercises. Now, with stress surfacing across sectors, many borrowers find themselves out of timeouts. In a market where pressure is building and options are narrowing, having the right advisor on your bench can make all the difference late in the game.
- No Perfect Bracket Exists: Distressed situations in early 2026 were led by software companies, followed by materials, healthcare, retail, construction, and finance; few sectors have been immune to this full-court press.
- The Dream of Making the Final Four is Still Alive: Despite ominous headlines and loan balances marked as “non-accrual” by BDCs on the rise, actual credit performance has not meaningfully deteriorated.
Connect with Our Team
- Jonathan Zucker, Managing Director, Head of Capital Advisory, jzucker@Intrepidib.com
- Boris Zikratov, Director, Capital Advisory, bzikratov@Intrepidib.com
- Stephen Senior, Associate, Capital Advisory, ssenior@Intrepidib.com
- Anish Balabhadra, Analyst, Capital Advisory, abalabhadra@intrepidib.com
- Sam Nielsen, Analyst, Capital Advisory, snielsen@Intrepidib.com