Home Opinion


It was widely predicted that the market downturn would profoundly alter behaviour in leveraged finance, but then along came EBITDAC as a reminder of the past.
With incumbent firms distracted by portfolio issues, technology platforms and start-ups may force their way into the market.
Why determining appropriate leverage levels is challenging, the current crisis is not quite like the GFC, and direct lenders are preparing for a busy period.
A new reporting guide will divide the companies that are keen to impress with their transparency from those uncomfortable under the spotlight.
The pressures of covid-19 have turned lending into a stressed opportunity for fund managers keen to dictate realistic terms with borrowers.
Volatile times encourage opportunism and today’s most interesting strategies may demand investor flexibility.
The coronavirus pandemic is having grave and sweeping effects, but investors must start somewhere as they plot their next steps.
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.
The asset class has some reasons for optimism as it begins to map a way through the covid-19 crisis.

Copyright PEI Media

Not for publication, email or dissemination