Payment in kind is an option which, due to interest rate rises, is increasingly in demand from sponsors and borrowers. Lenders must make sure they are applied only in appropriate circumstances, say Daniel Hendon and Phil Anscombe of Proskauer Rose.
5 min read · 23 June 2023
Rising rates are putting companies under pressure, but predicting widespread distressed activity continues to be a brave bet.
2 min read · 22 June 2023
Mezzanine finance has never gone away completely but is now experiencing a strong revival. Steven Ruby and Rahman Vahabzadeh of Audax Private Debt explain why.
4 min read · 14 June 2023
The last 10 years have seen private debt firms move from claiming increasing share in the mid-market to starting to do the same at the larger end.
2 min read · 01 June 2023
Houlihan Lokey’s latest MidCapMonitor provides further evidence that market conditions are becoming more challenging for debt funds.
2 min read · 30 May 2023
The mortgage market is healthier than many believe and asset-based finance offers big opportunities, says KKR.
3 min read · 25 May 2023
An aggressive landmark ‘uptier exchange’ by mutual funds, despite confusion and talk of perjury, is prevailing.
3 min read · 19 May 2023
Claim fits with Winkelried’s declared priority to “add a credit strategy”.
2 min read · 09 May 2023
Falling activity in the UK and Germany enabled France to become the top market for European private debt deals for the first time.
1 min read · 17 April 2023
