What do borrowers want?

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

A poll of firms at the PDI New York Forum 2018 found that borrowers are mostly in favour of first lien and second lien structures.

More than half of those polled said their customers were looking for first lien and second lien structures, making this form of debt by far the most popular.

Unitranche has also proven very popular with borrowers, with a third asking for this option.

However, the more traditional senior debt and mezzanine structure is not very popular today, with just 5 percent saying clients were looking for these type of structures.