Debt Explorer | 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

Debt Explorer | Delayed-draw facilities have been a key feature of private credit lending terms, but as competition between private credit and broadly syndicated loans intensifies, broadly syndicated loans have started to incorporate delayed-draw flexibility

Debt Explorer | 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

Debt Explorer | Private debt funds are rapidly expanding into a segment of the market traditionally dominated by banks

Debt Explorer | With incremental loan activity accounting for an outsize share of the leveraged lending market over the past year, we explore the top trends, insights and structuring considerations for lenders and borrowers

Debt Explorer | Private equity buyout activity has slowed in the face of macroeconomic headwinds, but public-to-private transactions have shown little sign of slowing down

White & Case Debt Explorer | Term loan A debt is back in the spotlight as borrowers look for financing alternatives in an increasingly volatile institutional loan market

What will drive issuance in a post-COVID-19 world?

Record SPAC issuance is expected to boost M&A activity, supporting additional leveraged finance issuance, while financial sponsors take advantage of the opportunity to exit existing investments.

On the end of LIBOR: The end of 2021 will mark a milestone in global financial markets when regulators, in effect, phase out the "LIBOR benchmark" that underpins much of the global financial system

The disruption to capital markets caused by the COVID-19 pandemic has not shifted the overall timeline of regulators and industry bodies for the replacement of US dollar LIBOR with SOFR by the end of 2021