Undrawn credit lines are essential to private equity but in short supply from banks.
Undrawn revolving credit facilities (RCFs) are essential to private equity. They are a backup in the event of mismatches in the working...more
Boards of struggling companies (and their auditors) must navigate choppy waters in terms of finalising their audited accounts in the midst of a global downturn.
The global downturn triggered by the COVID-19 pandemic...more
In the last six months we have seen some sponsors on European deals successfully securing greater flexibility to incur further debt within their day one capital structure, in line with market practice in the US.
The...more