Over the past year, we have seen a significant increase in Events of Default (each, an “EoD”) arising from financial underperformance. This trend is largely driven by the high interest rate and inflationary environment, with...more
6/12/2025
/ Borrowers ,
Contract Terms ,
Credit Agreements ,
Debt Restructuring ,
Enforcement ,
EU ,
Financial Distress ,
Lenders ,
Loans ,
Private Equity ,
Risk Management
A typical European leveraged loan will comprise of various tranches of debt, for a variety of purposes, all documented within a single facilities agreement. In a leveraged buyout scenario, the standard structure will be a...more
As borrowers continue to feel the squeeze caused by inflation and high interest rates, lenders in the European mid-market have seen a marked increase in covenant relief, waiver and amend and extend requests from borrowers on...more