Covenants

Lenders and LPs alike are taking a closer look at the use of artificial intelligence in credit processes and assessing the risk and rewards associated with the technology.

As private credit becomes systemically important, legal considerations must keep pace with the asset class’s growth.

Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.

Ahead of his participation in this year’s PDI Network New York Forum, Matt Lisonbee of The California State Teachers’ Retirement System shares his views of the private debt market.

Ahead of his participation in this year’s PDI Network New York Forum, Nirav Dangarwala of Resolution Life shares his views of the private debt market.

The proliferation of covenant-light loans is driving competition among lenders, a recent report says. A Houlihan Lokey executive breaks down the consequences.

What is driving the increased use of accordions in the mid-market?

Loan originator acts on behalf of as-yet unnamed lenders, in response to J Crew style restructuring.