The 2026 restructuring landscape is being shaped by elevated default rates, growing reliance on distressed exchanges, and a looming maturity wall that will test even well-capitalized borrowers.
This report synthesizes the latest data and market signals to help lenders, investors, and operators understand where risk is building and where opportunity may emerge. If you’re making capital allocation or credit decisions this year, this briefing will help you see around the corner.
Why 2025 corporate filings hit a post-Great Recession high and why that still understates distress
The rise (and risk) of distressed exchanges as the dominant restructuring path
What to watch in 2026: maturity-wall dynamics, recovery compression, and key legal shifts
