There are challenges, but don’t assume they’re all about cov-lite

Those thinking that covenant-lite is the root of all evil may need to reassess where the biggest potential problems really lie. Francois Decoeur of MV Credit examines the deal landscape.

BNP Paribas closes third European CLO on €411.25m

The firm’s latest CLO exceeded its initial target and focuses on senior-secured loans in Europe.

Oaktree to invest $36m in Blue Sky through convertible loan note

The embattled Australian fund manager will use the capital for co-investments and leverage Oaktree's reputation with prospective LPs.

ESO provides loan note in first deal since Core Capital acquisition – exclusive

The deal is the first for the combined group, which is aiming to provide more hybrid debt and equity solutions.

Three deals put Idinvest on course to full deployment by year end

Three investments of both unitranche and mezzanine bring the fund closer to full investment.

PDI New York Forum 2018: The 10 big talking points

From never-ending cycle talk to the lure of special situations, we report back to you the major conversational topics doing the rounds on day one.

HPS to acquire distressed debt firm

The New York-based credit manager will bring on at least three investment professionals.

The NPL deal that could unlock the Cyprus market

Apollo’s purchase of a €2.7bn loan portfolio from Bank of Cyprus is expected to reactivate the island’s property market.

How to hedge risk with the French fiducie

A cheaper alternative to the Credit Default Swap, the fiducie is expected to play a bigger role as the use of French law increases post-Brexit. Benjamin Raillard of Solutions Fiducie explains its applications.

Alcentra to buy $1bn of US business loans from Funding Circle

The private credit arm of Bank of New York Mellon has arranged financing to acquire the debt of up to 8,000 companies.

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