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Private credit leans on PIK flexibility in competitive market

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

Buy the power: Data center deals on the rise in the US

The breakneck pace of growth in artificial intelligence is powering investment in the red-hot data infrastructure subsector - Data center dealmaking is ramping up across the globe as the rapid development of AI pushes up...more

Breaking new ground on the next phase of private credit

Private credit has secured its position as the main provider of debt capital to the mid-market, established its large-cap credentials and is now entering the next phase of its development - After dominating mid-market...more

Demand surge propels data center financing boom

Despite macroeconomic uncertainty, data center financing has shown little signs of slowing down, as strong demand for data capacity gives lenders and investors the confidence to continue deploying capital into new projects...more

Global leveraged loan markets spring to life

After a challenging 2023, US and European leveraged loan issuance showed year-on-year gains in Q1 2024 as a more stable interest rate outlook encouraged borrowers and lenders to return to the market. After a challenging...more

US leveraged finance slows in turbulent market

US leveraged loan and high yield bond markets saw significant declines in issuance in 2022, as macroeconomic and geopolitical uncertainty drove up borrowing costs, dampened risk appetite and significantly reduced M&A...more

Recurring revenue reset?

After a year of red-hot moves in the tech sector, markets have cooled down in 2022, as inflation and rate hikes prompted many investors to prioritize investment in safe haven asset classes....more

Documentary developments in tighter times

Risks posed by rising inflation, concerns about a global recession and the lingering impact of the war in Ukraine are seeing lenders and investors start to chip away at the loose, borrower-friendly terms that have...more

Inflation and increasing interest rates reshape US leveraged finance markets

Lenders and borrowers in US leveraged finance markets have had to recalibrate pricing and issuance volume expectations in 2022 in the face of rising inflation and interest rates....more

Rising inflation represents risks and opportunities for leveraged finance markets

For the first time in years, inflation is on the radar for high yield bond and leveraged loan lenders and borrowers—but how might it impact markets? A sustained period of low interest rates and abundant liquidity have been...more

Direct lending in the US is in good shape post-COVID-19

After a volatile and challenging year, US direct lenders moved into 2021 with reputations enhanced and teams strongly positioned to fund new deals. But we cannot discuss current direct lending in the US without casting a...more

The recap rebound

Dividend recapitalization activity plunged in the immediate aftermath of COVID-19 but, as markets recovered, investor appetite for recap deals swelled - Leveraged loan and high yield bond issuance specifically intended...more

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