Although liability management transactions have been controversial, they can provide borrowers a valuable respite in tough times when used appropriately -
High interest rates and circumspect capital markets have caused...more
Lenders and borrowers in US leveraged finance markets have had to recalibrate pricing and issuance volume expectations in 2022 in the face of rising inflation and interest rates....more
Investors eager to maintain high levels of capital deployment have kept terms and pricing highly flexible for bond and loan issuers, but that does not mean easy access for borrowers—lenders are still pushing back against...more