Stop right there – intercreditor standstills that grind to a halt
Insight
European leveraged finance: A market reawakened
After a challenging period of elevated rates, Europe's leveraged finance markets are poised for growth in 2025, with stabilising costs, rising competition and renewed opportunities for dealmakers.
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Looking at all the angles: incremental debt incurrence flexibility in detail
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PIK a pocket or two?
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Creditor protections in liability management transactions
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Governing law of loan agreements – why does it matter?
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Side Letters: Just Paper Tigers, Or Do They Roar?
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Six things to reflect on for creditors considering a share pledge enforcement
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Are You as Senior Secured as You Think?
Insight
European leveraged finance: A whole new world
European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the "new normal", rate and price stability offer hope for a brighter 2024.
Insight
European leveraged finance: Choosing the right path
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?
Insight
Getting the deal done: How is European PE securing debt in a tight market?
Insight
Recurring revenue reset?
Debt Explorer | As the technology sector cools and macro-economic headwinds build, lenders are reassessing the provision of recurring revenue loans
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5 things you need to know about … recurring revenue
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Active private equity firms buoy buyout issuance
Issuance of leveraged loans and high yield bonds to fund buyouts surged to quarterly highs in 2021 as private equity sponsors raised their investment game
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SPACs on track to drive M&A leveraged loan issuance
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.
Insight
Private equity turns to fund restructurings in COVID-19 slowdown
General partner-led fund restructurings accounted for the majority of private equity secondaries volume in 2020 as managers sought liquidity in a flat exit market
Insight
European leveraged finance: COVID-19 and the flight to quality
The European leveraged finance market remains resilient after a year of unprecedented hardship, as lenders dissect credits to determine the best possible deals, from pricing to documentary terms
