deals

While the eyes of many are on loan documentation, Nicole Downer of MV Credit says the focus should be elsewhere, including fostering solid relationships with sponsors.

January and February activity helped transaction numbers hold up in Q1, but the coronavirus pandemic is expected to limit dealflow in Q2.

The non-performing loan tinder box has been ‘set alight again’, according to Adrian Cloake of LCM Partners.

The pressures of covid-19 have turned lending into a stressed opportunity for fund managers keen to dictate realistic terms with borrowers.

The outbreak of the virus is the trigger for the pain likely to be suffered by many lenders and investors. But Gregory Racz of MGG Investment Group says the roots of this pain were to be found in poor deal structuring.

As in the last major crisis, non-bank lenders will be expected to displace the banks as a source of finance.

Debt funds and their portfolio companies have grown used to tapping cheap debt facilities, but underperformance amid the covid-19 crisis may see access to finance restricted.

What liquidity options do firms have as they seek to navigate their way through the covid-19 crisis? Patrick Schoennagel of Houlihan Lokey investigates.

What are the key issues facing lenders in the face of global pandemic? Four partners from Ropes & Gray share their thoughts on issues ranging from MAC clauses to covenant defaults.

In recent years, fundraising has piled into the larger private debt funds – creating an elite of capital gathering powerhouses. Catalin Voloseniuc of SEE Credit Partners says its time to consider other options.