Debt Explorer | Relentless demand for data center financing is pushing AI-related high yield issuance to record highs. Bond structures are evolving quickly to protect investor interests while meeting issuer appetite

Debt Explorer | Declining valuations in the software industry and an impending wall of covenant resets have shackled the high-growth ARR lending market. Borrowers and lenders are unsure what comes next

Debt Explorer | Despite headwinds related to AI-led disruption and the conflict in Iran, leveraged loan markets in Europe and the US proved resilient in Q1, with high-quality borrowers continuing to access financing throughout the quarter

Debt Explorer | Total return swaps and loan-to-loan facilities offer a way for lenders to bolster performance as loan margins narrow

Debt Explorer | Demand for data centers and consolidation in the US power industry is generating a steady flow of new-money deals in an otherwise volatile market

Regional conflict is driving volatility across capital markets, impacting liquidity, funding and financial planning. 

Debt Explorer | New data centers are orders of magnitude larger than those built a decade ago and require vast sums of capital to construct. Debt markets are evolving to meet the accelerating demand for financing

Debt Explorer | US and European leveraged loan markets navigate a tumultuous year to post record levels of issuance in 2025.

Debt Explorer | Healthcare has become a key sector for private credit, but only lenders with a firm grip on industry-specific complexities will be equipped to deliver long-term results

Debt Explorer | Private credit has proven resilient in the face of inflation and interest rate headwinds, but after a prolonged period of macroeconomic disruption, pockets of pressure are creeping into portfolios 

Competition between lending channels intensified in 2025, as leveraged finance markets in Europe saw lenders vying for deals and offering borrowers greater flexibility ahead of an anticipated surge in activity in 2026.

Debt Explorer | Green shoots in the M&A market have provided a timely boost for leveraged loan issuance, putting the market on track to end the year strong

Debt Explorer | Direct lenders are expanding their teams in a Spanish market that, though smaller than others in Europe, is rapidly becoming more established.

Debt Explorer | European debt documentation is moving ever closer to the US market—a trend that began in the UK and has now spread to continental Europe, providing regional dealmakers with greater flexibility.

Debt Explorer | As the US private credit market matures and grows increasingly competitive, US-based funds are increasingly looking to Europe for new growth opportunities

Debt Explorer | Separately managed accounts have become a key source of capital for private market managers, and lenders are adapting underwriting techniques and strategies to adjust to this growing channel.

Debt Explorer | The data center market in APAC is growing rapidly, providing banks and private credit lenders with attractive financing opportunities across the region.