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2019 in North America: These deals keep on turning

US private equity activity is likely to continue apace whatever happens to the economic and credit cycles.

The borrower’s market revealed

Loan terms and covenants have weakened during 2018, making it a good time to borrow.

When it comes to EBITDA, lender beware!

With concern increasing over various deal terms, Paul Johnson of EQT Credit warns of the growing trend of inflated earnings figures.

WATCH: ‘One to two years’ before distressed cycle – Lasry

A benign economy won't last forever, with high leverage and rising interest rates meaning that the cracks are already appearing. PDI caught up with Avenue Capital's Marc Lasry in this three-minute video.

Time to join the march of the robots

Private debt managers need to accelerate their take-up of new technologies to avoid becoming yesterday’s news.

What do borrowers want?

We look at which products are in highest demand among borrowers.

Danish RE debt firm eyes Swedish expansion

Kinnerton Credit Management has announced a first close of its fourth fund on around €130m and is including Southern Sweden in its investing mandate for the first time.

FS, Bain, KKR BDCs hold first lien debt in bankrupt American Tire

The Apollo BDC, which owns equity in the company, shed its subordinated debt positions in the second quarter, as did the New Mountain BDC.

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.

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.

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