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Future Problems for Private Lending Will Start Today
The Wall Street Journal· 1 month agoHEARD ON THE STREET Private credit has a supply problem. When investment banks were pulling back from the market for risky loans, private credit was...
Squid vs. whale battle in private credit world, as told by $2.75B Emerson/Copeland leveraged loan
Pitchbook via Yahoo Finance· 1 year agoA fight between a giant squid and a whale is nearly impossible to witness, yet scientists know it happens. Similar is the struggle between two major arenas in leveraged finance: the syndicated ...
Analysis-US banks, private equity firms compete to finance debt-backed deals
Reuters via Yahoo Finance· 4 months agoWall Street banks are raising billions of dollars to regain ground in lending to companies in...
Who's borrowing from SVB: Bank's collapse puts spotlight on loans to tech industry
Pitchbook via Yahoo Finance· 1 year agoThe collapse of Silicon Valley Bank is raising questions about lending to the tech sector, which has had a growing presence in both the institutional syndicated loan market and the private credit ...
Synamedia refinances syndicated debt via $460M private credit deal
Pitchbook via Yahoo Finance· 6 months agoSynamedia has refinanced syndicated loans with a $460 million private credit transaction, market sources said. The facility consists of a $350 million first-lien unitranche loan, $60 million ...
Large private credit deals increasingly losing maintenance covenants – Moody's
Pitchbook via Yahoo Finance· 8 months agoLarger private credit loans are eliminating maintenance covenants as the market takes on traits of the syndicated loan market, according to a Moody's report published yesterday. Traditionally ...
Private Credit: It's not just for LBOs, LCD data show
Pitchbook via Yahoo Finance· 1 year agoPrivate credit providers have been making headlines for snapping up a significant share of US LBO financing opportunities from the traditional broadly syndicated loan market. But private credit ...
Private Credit 2023 Outlook: More market share, higher yield. But more defaults, too
Pitchbook via Yahoo Finance· 1 year agoAs The Office’s Michael Scott said, “I’m going through a little bit of a rough patch. The whole year, actually.” He may as well have been describing 2022 for the syndicated loan market. After ...
KORE Wireless refinances debt, cuts leverage via preferred equity investment
Pitchbook via Yahoo Finance· 7 months agoKORE Wireless obtained a $210 million credit facility that will refinance a syndicated loan and unveiled a preferred equity transaction. Whitehorse Capital Management is the administrative agent ...
As credit markets tighten, leveraged loan segment revisits some Financial Crisis levels
Pitchbook via Yahoo Finance· 1 year agoThe release of May’s policy meeting minutes from the Federal Reserve’s Open Market Committee reaffirmed expectations that costly funding conditions for leveraged companies are unlikely to ease ...
