Private credit pushes deeper into risk Wall Street is fleeing
==========
The private credit industry is transforming into the world's new banks, with a greater tolerance for lending risks; Squeezed borrowers are turning to private lenders for stop-gap measures as they struggle to engage with public markets; Private credit funds are reaching further for deals as leveraged buyouts stay scarce; Borrow-now, pay-later deals and payment-in-kind debt are proliferating; Companies with little hope of a turnaround are being passed over by private credit funds; Lenders are implementing protections in deals to guard against asset shifting and loopholes
#PrivateCredit #Risk #Lending #Borrowers #FederalReserve #InterestRates #PublicMarkets #StopgapMeasures #LeveragedBuyouts #InterestMargins #Returns #Debt #Restructuring #PaymentinkindDebt #SyntheticPik #Bankruptcy #Protections #AssetShifting #Loopholes
https://theedgemalaysia.com/node/719613
Oddbean new post about login | logout