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Crypto lenders seek to come in from the cold

In the wake of the crypto winter, distressed investors are assessing prospects to turn around businesses that, to date, are not noted for their transparency

A renewed focus on what borrowers can afford

The flourishing deal market of a year ago is becoming a distant memory as more challenging realities are confronted at the negotiating table.

Covenant dynamics are a constant source of tension

With a change in market conditions, changes in deal documentation might be expected. But shifts in the balance of power don’t always happen when expected.

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