Debt Explorer | Private debt managers seized the opportunity to win market share in 2022 as leveraged loan and high yield bond activity slowed—moving into 2023, private debt players remain open for business, but mainly on their terms

Debt Explorer | Although ESG and green debt activity in Asia may have slowed somewhat in 2022, it is now an established feature of the market

Debt Explorer | Economic headwinds proved challenging for leveraged finance markets in Asia-Pacific in 2022, but rising issuance beyond the core Chinese market cushioned the impact of global macro dislocation. 

Debt Explorer | The US leveraged finance market ended 2022 in the red, as inflation and rising interest rates put the brakes on issuance  

European leveraged finance markets paused for breath in 2022, due to rising interest rates, volatile geopolitics and a tightening of financial markets across the board—but what can we expect in 2023?

Stalled issuance, growing concerns around rising costs, supply chain bottlenecks and the conflict in Ukraine—it's been a whirlwind of a year, with many remaining challenges for the year ahead 

Lenders, borrowers and advisers are hopeful that Spain’s 2022 overhaul of its restructuring and insolvency regime will improve the country’s restructuring landscape

Debt Explorer | High yield bond issuance in the US and Europe feels the pinch in a challenging macro-economic environment, but green shoots emerge in Asia as real estate sector dislocation bottoms out and markets stabilize

The Financial Regulatory Observer spotlights selected topics currently driving regulatory and technological changes in the financial industry.

As lawmakers look to reform aspects of wholesale markets regulation, the UK may be poised to drift closer to the US.

As the world emerges from the turmoil caused by the COVID-19 pandemic, the financial services sector is going through a time of considerable change. This section highlights some developments to be aware of in key regulatory hot topics.

With a new operational resilience framework in force in the UK and similar reforms proposed in the EU and the US, we examine how the regimes compare and their practical impact on financial services firms.

Debt Explorer | Leveraged loan activity slows in the US, Europe and APAC as a volatile economic backdrop and the rising cost of debt starts to weigh on issuance

Debt Explorer | As the technology sector cools and macro-economic headwinds build, lenders are reassessing the provision of recurring revenue loans

Debt Explorer | After a bright first quarter, Spanish leveraged finance has been confronted by the same headwinds buffeting the wider European debt space—but a cluster of large M&A deals may keep the market active for the rest of the year

The White & Case Debt Explorer is an interactive tool that puts a wealth of leveraged finance data and more at your fingertips.

Debt Explorer | M&A was expected to ease off the accelerator in 2022 following a blistering 2021, but questions remain about how long it will take M&A financing to catch up with dealmaking

Taking stock at this point in the year may make for slightly sobering reading for some, but the cyclical nature of the market means that, even as activity slows in one area, it can (and usually does) pick up in another—but what does this mean for leveraged finance markets in the months ahead?