Borrowers in the US loan market are looking to private placements over longer syndication processes as cash-rich private credit lenders gain more clout in the junior debt space. In the aftermath of COVID-19, private investors amended their portfolio companies' existing loan facilities or provided incremental debt to withstand the economic slowdown brought on by the pandemic. Now as private investors renew their risk appetite, these lenders have also increased interest in holding larger loans in order to put their money to work describes Goodwin Debt Finance partner Kristopher Ring. Read the Refinitiv article here.
In The Press September 24, 2020