Business journalist, Global Head of Distressed News @9fin, co-author "Caesars Palace Coup". Opinions own.
Joined February 2009
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It’s been a long time in the making but the Caesars bankruptcy saga by me and @sindap is finally in full, printed book form! Get one here: amazon.com/Caesars-Palace-Co…
Max Frumes retweeted
9fin's Emerging Markets launch takes the credit expertise built over the past decade into one of the world’s fastest-growing markets.
You’ll find original reporting and specialist analysis from our global team alongside 20+ years of deal intelligence, with AI tools to help you research faster and understand the market in greater depth.
Xochitl on our team, breaks it down here! 🌎
Max Frumes retweeted
“.. CoreWeave is absolutely the canary in the coal mine. This is going to be a turning point in the pricing and availability and structure of credit that's supporting the AI boom.”
@Reuters $CRWV
reuters.com/legal/transactio…
Max Frumes retweeted
Xochitl Herrera, 9fin's Latin America Editor, chatted with us about what she thinks has been the LATAM story of the year. Braskem, the Brazilian petrochemical company, has a restructuring story that taught us all about the factors impacting distressed businesses in the region. 🇧🇷
It's a big week for 9fin, as we proudly launched 9fin for Emerging Markets. We’ve added CEEMEA to our Emerging Markets coverage alongside LATAM and APAC, bringing more of the world’s credit markets into one place. 🌏
A big thank you to everyone who joined us at our inaugural Global Emerging Markets Summit in New York this week to mark this milestone! 🚀
CoreWeave bond rout tests market's math on AI buildout reuters.com/legal/transactio…
Max Frumes retweeted
I’ve been reading The Caesars Palace Coup by @maxfrumes and @sindap, a fascinating look at the distressed deal, the legal warfare that followed. A great read.
I wrote an article on the same, inspired by the book.
Do check it out.
ishatv.medium.com/the-casino…
Max Frumes retweeted
Promise Land is officially in print! A few copies arrived today to send to the amazing endorsers as thanks for their wonderful endorsements.
Hero
Whether they want to admit it or not, many women have always been attracted to bad boys and risk-takers. I can’t think of any archetype of man that fits that description more today than newsletter writers that put it all on the line every day. bloomberg.com/opinion/newsle…
Max Frumes retweeted
This Is How the System Really Works
Most people don’t understand
how the system actually works.
Private equity firms invest
very little of their own money…
Then use massive amounts of debt
to multiply their returns.
And when it works?
They make billions.
But when it doesn’t…
the consequences don’t fall on them.
This isn’t random.
It’s a pattern.
So the real question is:
Who is the system really designed for?
@maxfrumes
Max Frumes retweeted
Earlier in the year we published our email crash course on co-ops, curated by our senior legal consultant Luke Viner, helping you learn about co-ops across five lessons.
Great news: we’ve now made all our content available on the site, so you can access everything in one place.
If you’re looking to improve your co-op knowledge, sign up to access the course in full today: 9fin.com/insights/cooperatio…
You’ll get access to:
💡 Easy-to-follow modules on everything from the basics, to trends in the US vs Europe, to notable examples and litigation
📙 Bonus interviews with our distressed experts, Alessia Pirolo and @maxfrumes
✍️ Plenty of further reading materials on real-world cases including Selecta, Better Health, Altice USA
Sign up for free: 9fin.com/insights/cooperatio…
Max Frumes retweeted
History doesn’t repeat itself but it often rhymes
Max Frumes retweeted
Great book!
Had the opportunity to discuss the story with @maxfrumes. @ConorForAZ hosted the episode with me.
podcasts.apple.com/us/podcas…
Interesting read through on the separation of the land business and the homebuilders too.
Well, this was not AI. I helped edit and while some critiques are valid, the column in question was drafted by an experienced restructuring lawyer.
I've wrongly accused many a lawyer of using AI to draft their stories, which can only mean one thing: Lawyers are the original AI.
@9finHQ Could you make it slightly less obvious this was written by ChatGPT next time? I don’t really mind, but then again I can use Chat or Claude and get a pretty similar summary without paying $90k or whatever we pay you guys a year….And I can prompt it to not use AI slop similes and metaphors.
Max Frumes retweeted
In April, two LMEs crossed the finish line and two more progressed with announced transactions, while another 13 companies hit milestones that typically precede an LME, according to 9fin data.
Get the break down on each of these situations in our LME update: 9fin.com/insights/april-lme-…
The Taste of Leverage. Filling, yet hollow? 9fin.com/insights/the-taste-…
9fin LatAm launch event in NYC #9fin 9fin.com/insights/markets-la…
