Western and Eastern private debt deals have little in common when it comes to how borrowers and lenders are treated.
2 min read · 18 March 2021
With covid-19 causing complex disruption to the world of commerce, private equity sponsors, portfolio companies and lenders can work together to deal with financial covenant breaches encountered as a result of operating in such unprecedented times.
4 min read · 16 March 2021
Prior to the pandemic, it was commonly believed that a crisis would allow a reset of deal documentation in which the balance of power would shift from borrower to lender. So far, there’s little sign of it.
2 min read · 04 February 2021
Performance issues are emerging within private debt portfolios, but plenty of lenders are getting fair warning and not panicking yet.
2 min read · 29 October 2020
Borrowers have held the balance of power for some time when it comes to deal negotiations. There are signs that their grip is being loosened, if only a little.
2 min read · 08 October 2020
A survey has found almost unanimous agreement among investors in the European leveraged finance market that covenant capacity cannot be accurately calculated.
1 min read · 11 August 2020
While the eyes of many are on loan documentation, Nicole Downer of MV Credit says the focus should be elsewhere, including fostering solid relationships with sponsors
5 min read · 02 July 2020
While the eyes of many are on loan documentation, Nicole Downer of MV Credit says the focus should be elsewhere, including fostering solid relationships with sponsors.
5 min read · 22 May 2020
It was widely predicted that the market downturn would profoundly alter behaviour in leveraged finance, but then along came EBITDAC as a reminder of the past.
2 min read · 21 May 2020
As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
2 min read · 19 May 2020
