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Covenant protections for new-issue private credit loans (PCs) flatlined in 2023 compared with 2022 even…

The Bottom Line:鈩� During the syndication of leveraged loans, lenders often ask for the inclusion…

The Bottom Line:鈩� Borrowers and issuers have been engaging in 鈥淟iability Management Transactions鈥� with increasing…

Covenant protections for new-issue private credit loans (PCs) have improved in 2023 amid tighter lending…

Securing 鈥淪erta鈥� protections鈥攚hich fortify affected lenders鈥� voting rights鈥攈as become a focus for lenders over the…