In the face of intensifying competition from the broadly syndicated loan market, private credit lenders are leveraging their ability to provide payment-in-kind flexibility to secure deals -
Private credit lenders in the US...more
Competition between the private credit and broadly syndicated loan (BSL) markets is intensifying, with developments on both sides blurring the distinctions between the two products. One of these distinctive features is the...more
6/5/2025
/ Borrowers ,
Capital Markets ,
Competition ,
Debt ,
Financing ,
Interest Rates ,
Investment ,
Investment Funds ,
Lenders ,
Leveraged Loans ,
Loans ,
Private Equity ,
Syndicated Loans
The order marks the end of the Kirschner case, which had threatened to expand US securities regulation to syndicated loans.
The US Supreme Court has denied a petition for certiorari review in the Kirschner case, in which...more
The highly anticipated decision threatened to impose a new regulatory framework on syndicated lending, and disrupt the $1.4 trillion syndicated loan market in the United States.
The US Court of Appeals for the Second...more
Following the ARRC-recommended deadline for shifting to hardwired fallbacks, the syndicated loan market has begun to show signs of change -
Based on best practices published by the Alternative Reference Rates Committee...more
The Bottom Line: On May 22, 2020, the United States District Court for the Southern District of New York concluded that broadly syndicated term loans are not "securities". This decision is highly significant to the US...more
6/2/2020
/ Appeals ,
Blue Sky Laws ,
Collateralized Loan Obligations ,
Coronavirus/COVID-19 ,
Debt Securities ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Lenders ,
Loan Syndication and Trading Association (LSTA) ,
Loans ,
Reves Test ,
Secured Notes ,
Securities ,
Securities Act of 1933 ,
Securities Exchange Act ,
Syndicated Loans