Eliza Ronalds-Hannon

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David Nemecek and Scott Greenberg spent countless hours across the table from each other this year, battling over the fine print buried deep in junk-rated companies’ debt documents.

(Bloomberg) -- David Nemecek and Scott Greenberg spent countless hours across the table from each other this year, battling over the fine print buried deep in junk-rated companies' debt documents.

Welcome to The Brink. I’m Eliza Ronalds-Hannon , a senior reporter in Atlanta, where I’ve been looking at the distressed debt battle that will shape investing this year. Follow this link to subscribe. Send us feedback and tips at [email protected] or DM on X to @ElizaHannon.

Sparc Group, the operator of fashion brands including Lucky, Eddie Bauer, Aeropostale, Forever 21 and Brooks Brothers, has merged with JCPenney to form a new company called Catalyst Brands, according to a release Wednesday afternoon.

(Bloomberg) -- Sparc Group, the operator of fashion brands including Lucky, Eddie Bauer, Aeropostale, Forever 21 and Brooks Brothers, has merged with JCPenney to form a new company called Catalyst Brands, according to a release Wednesday afternoon.

An investor group including CVC Capital Partners, General Atlantic, HPS Investment Partners and Leonard Green & Partners is in talks to buy BlackRock Inc.’s equity stake in Authentic Brands Group, according to people with knowledge of the matter.

Joann Inc., the fabric and crafts retailer that emerged from Chapter 11 less than a year ago, is considering filing for bankruptcy again as it runs out of cash, according to people with knowledge of the matter.

Joann Inc., the Hudson-based fabric and crafts retailer that emerged from Chapter 11 less than a year ago, is considering filing for bankruptcy again as it runs out of cash, according to people with knowledge of the matter.

Medical Properties Trust has seen liquidity dry up as its tenants struggled