Debtwire | Distressed Companies Brace for Tougher Talks as Investors Harden Bargaining Posture
Originally published by Debtwire on January 29, 2026.
Following contentious liability management exercises and bankruptcies in 2025, creditors negotiating restructuring deals are taking a firmer line with distressed companies on due diligence and documentation.
Jochen Schmitz, Managing Director, recently shared his insights with Debtwire. He predicts restructuring activity in private credit will surge due to several market trends currently being monitored by Lincoln International.
“By Lincoln’s estimates, a sizable share of private credit debt maturing this year and next has already been amended and extended with a significant portion involving companies relying on PIK, a signal of potential distress.”
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