Special situations / distressed

Where the hours go

1. Capital structure and document review
2. Recovery waterfall by scenario
3. Holder mapping and co-op formation
4. Court docket and filing monitoring

AI workflows for this sector

PCT-010	Lender-on-lender violence radar: scan every credit agreement for J.Crew, Serta, and Chewy trapdoors Direct lendingSpecial sits / distresseddocumentation	Vendors Alphastream, CreditBase, Octus, Ontra, 9fin +5 · See all vendors for this stage →	Vendor + in-house
PCT-003	Same loan, different marks: who else holds your borrower, how they value it, and who might sell Live demo BDCsDirect lendingResearch & ratingscomps	Vendors The LoanEdge, Octus, Canoe Intelligence	Vendor + in-house
PCT-013	Soft credit events, read overnight: every amendment, waiver, PIK toggle and extension in your book Special sits / distressedDirect lendingdocumentation	Vendors 9fin, Debtwire, Alphastream, CreditBase, Ontra +17 · See all vendors for this stage →	Vendor + in-house
PCT-074	Amendment or waiver request in: what is being asked, who has to consent, and what it does to the covenant Direct lendingSpecial sits / distressedmonitoring	Vendors Moody's, Hypercore, Versana, Alkymi, CovenantIQ +5 · See all vendors for this stage →	Buildable in-house

Latest news

1. 14 Oct 2026Vendor

   CredCore launches Credit Agents: legal, structural and financial agents that answer cross-discipline questions on a firm's own deal files

   Questions like LME or priming capacity need several specialists; vendors now pitch multi-agent orchestration with clause-level citations for that work.

   Source: CredCore ↗

2. 13 Oct 2026Vendor

   Hebbia plugs Octus credit data in through the Octus MCP Connector

   Covenant benchmarking against comps is moving from a separate terminal into the same agent that reads your credit agreement. Second Octus integration in a month (Rogo, 21 Sep).

   Source: Hebbia blog ↗ (Hebbia byline "10.13.26" (Partnerships / Paul Boland))

3. 21 Sep 2026Vendor

   Rogo adds Octus credit intelligence as a source inside Rogo agents

   Licensed credit data is becoming a plug-in to agents rather than a destination. Check what your current licences already allow.

   Source: Rogo ↗

4. 3 Sep 2026Vendor

   Octus connects its credit intelligence to Harvey's legal agents through its MCP Connector

   Covenant and docket data inside lawyers' agents changes how documentation and restructuring work gets checked on the lender side too.

   Source: Octus (company news) ↗ (Date from the Octus newsroom listing.)

5. 26 Aug 2026Vendor

   Octus credit data and analysis now available inside Perplexity through a connector

   Proprietary credit data is reaching general-purpose agents. Check what your licence allows before an agent pulls it into deal work.

   Source: Octus (company news) ↗ (Date from the Octus newsroom listing.)

Public data: what you can and can't get

• Bankruptcy court dockets, 8-Ks and filed credit agreements
• BDC marks on stressed names
• Co-op and lender-group terms are private

Sector descriptions are general and educational. Not investment advice.