Brigade Capital Management, LP Risk Report

🛡️ Financial & Liquidity

Brigade Capital Management has shown notable financial activity, specifically in acquisitions and investment management. A key event is the acquisition of Family Dollar from Dollar Tree, completed in 2025. The firm's engagements depict a strategy focused on expanding its investment portfolio and leveraging opportunities in retail shakeups and CLO formations.

• Dollar Tree announced the divestment of its Family Dollar business to Brigade Capital Management for $1 billion on 🗓 March 26, 2025.
• Brigade Capital Management closed the Battalion CLO XXVIII at $405.85 million on 🗓 March 13, 2025.
• Dollar Tree completed the sale of the Family Dollar business to Brigade Capital and Macellum Capital Management on 🗓 July 8, 2025.
• Brigade's acquisition pursuits include a raised buyout offer for Macy’s, increased to $6.9 billion as reported 🗓 July 3, 2024.

⚖️ Legal & Regulatory

There have been legal entanglements involving Brigade Capital's dealings, particularly in high-profile litigation and disputes over mistaken transactions. These situations underscore the complexities and risks involved in financial operations and investment disputes.

• Citigroup sued Brigade for the return of a payment it claimed was mistakenly made in 🗓 August 2020.
• A judge ruled that Revlon lenders could keep a mistaken Citigroup payment on 🗓 February 16, 2021.
• Investors, including Brigade, were cited as major creditors during WeWork's bankruptcy process disclosed on 🗓 November 16, 2023.

⚖️ Operational & Business Continuity

Operational activities at Brigade Capital have been dynamic, especially concerning business acquisitions and strategic maneuvering across sectors like retail and energy. These moves are aimed at bolstering Brigade's operational fortitude and ensuring sustainable growth.

• Brigade Capital became the recipient of an asset-backed finance strategy launch by TCW on 🗓 January 25, 2024.
• Silver Airways cited Brigade as a factor in their Chapter 11 filing due to technical and logistical challenges on 🗓 January 10, 2025.