White & Case: European Leveraged Finance Markets Weather COVID-19 Storm with Robust Outlook for 2021
European leveraged loan and high yield issuance up 11% and 10% respectively, confirming the market's long term resilience. Lenders will turn their attention to high quality credits or COVID-19 growth areas technology and healthcare, with hopes for improved deal flow in 2021. However, sectors including entertainment and leisure, retail and aviation will struggle to secure financing.