Notwithstanding at least some deterioration in documentation standards towards the top-end of the private credit market in recent years, maintenance leverage covenants have remained a pervasive feature of unitranche as an...more
As the private credit industry has relentlessly expanded and the capital available for deployment by private credit asset managers has rapidly grown, those investing at the top end of the market have increasingly had to...more
6/20/2023
/ Asset Management ,
Capital Expenditures ,
Credit ,
EBITDA ,
Financial Services Industry ,
Financing ,
Leveraged Loans ,
Market Conditions ,
Minority Equity Investments ,
Sponsors ,
Syndicated Loans ,
Triggering Event