Cloud 9fin: Talking junior capital with Chris Wright of Crescent

Chris Wright talks with 9fin’s Will Caiger-Smith about preferred equity and holdco PIK debt instruments that have become increasingly popular for borrowers facing maturities—what these types of situations can teach us about distress, and how the markets deal with it in 2023.

This interview expresses the views of the author as of the date indicated and such views are subject to change without notice. Neither the author nor Crescent Capital Group LP (“Crescent”) has any duty or obligation to update the information contained herein. Further, Crescent makes no representation, and it should not be assumed, that past investment performance is an indication of future results.

Crescent makes this interview available for information purposes only and should not be used for any other purpose. The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Nor is the information intended to be nor should it be construed to be investment advice. This interview, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Crescent.