In the current market, investors are increasingly considering their options in relation to the stressed and distressed credits in their portfolios. Whilst mindful of stakeholder relationships, secured lenders may, in some...more
European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024.
-Rising interest...more
1/30/2024
/ Acquisitions ,
Banking Sector ,
Buyouts ,
Debt ,
Debt Market ,
EU ,
Financial Institutions ,
Interest Rates ,
Investment ,
Leveraged Finance ,
Loans ,
Mergers ,
Private Equity ,
Refinancing
European leveraged finance markets have been completely reconfigured in the past 12 months. Inflation, rising interest rates and geopolitical uncertainty have squeezed liquidity and seen high yield bond and leveraged loan...more
2/1/2023
/ Acquisitions ,
Borrowers ,
Capital Markets ,
EU ,
Financial Services Industry ,
Global Dealmaking ,
High Yield Bonds ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Refinancing ,
UK
European leveraged finance markets saw significant inertia through the course of 2022 as high inflation, rising interest rates and cooling M&A activity put the brakes on leveraged loan and high yield bond issuance. How will...more
1/31/2023
/ Acquisitions ,
Bank of England ,
EU ,
European Central Bank ,
Interest Rates ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Liquidity ,
Mergers ,
Price Inflation ,
Refinancing ,
Risk Assessment ,
UK ,
Ukraine
Leveraged loan activity slows in the US, Europe and APAC as a volatile economic backdrop and the rising cost of debt starts to weigh on issuance -
Leveraged loan markets have been buffeted by a challenging macroeconomic...more
12/1/2022
/ Acquisitions ,
Bank Loan Markets ,
Borrowers ,
Debtors ,
EU ,
Financial Institutions ,
Interest Rates ,
Investment ,
Investors ,
Leveraged Loans ,
Mergers ,
Refinancing
Leveraged loan and high yield bond markets in Western and Southern Europe saw a major resurgence in the past 12 months, driven initially by refinancing, followed by almost unprecedented M&A and buyout issuance, and setting...more
It was a year of rebounds in 2021, from the early hike in refinancing activity to the subsequent surge in M&A and buyout deals, as well as frenetic activity in the PE space, all of which contributed to a noteworthy uptick in...more
2/2/2022
/ Acquisitions ,
Borrowers ,
Buyouts ,
Debt Market ,
EBITDA ,
EU ,
Interest Rates ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Private Equity ,
Risk Factors ,
Supply Chain
European leveraged finance markets roared back to life in 2021, sparked by a combination of attractive pricing in the first half of the year and buoyant M&A activity in the second half. The result? High volumes of refinancing...more
2/1/2022
/ Acquisitions ,
Borrowers ,
Capital Markets ,
EU ,
Financial Services Industry ,
High Yield Bonds ,
International Trade ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Refinancing
Issuance of leveraged loans and high yield bonds to fund buyouts surged to quarterly highs in 2021 as private equity sponsors raised their investment game -
Buyouts are back in a big way. Private equity (PE) firms around...more
11/23/2021
/ Acquisitions ,
Asia Pacific ,
Buyouts ,
Cross-Border Transactions ,
EU ,
High Yield Bonds ,
Lenders ,
Leveraged Buyout ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Private Equity ,
Refinancing
Despite a spike in energy prices and persistent inflation, year-to-date leveraged loan activity showed substantial gains on 2020 levels -
Global leveraged loan activity sustained momentum built up through H1 2021 to post...more
Leveraged buyout high yield bond and leveraged loan issuance fell in Q3 2020 as a lack of buyout deals in a still cautious M&A market dampened appetite for financing -
Although leveraged buyout (LBO) activity showed signs...more
12/4/2020
/ Acquisitions ,
Asia Pacific ,
Buyouts ,
Coronavirus/COVID-19 ,
Cross-Border Transactions ,
EBITDA ,
High Yield Bonds ,
Lenders ,
Leveraged Buyout ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Private Equity ,
Secondary Buyouts
After taking a deep dive in Q2, US leveraged loan issuance picked up in Q3, while European markets gained year on year -
Having navigated extreme market dislocation due to COVID-19 for the past six months, leveraged loan...more
11/4/2020
/ Acquisitions ,
Borrowers ,
Coronavirus/COVID-19 ,
High Yield Bonds ,
Interest Rates ,
Investors ,
Lenders ,
Leveraged Debt ,
Leveraged Loans ,
Mergers ,
Private Equity
- The covenant-lite share of European institutional loan issuance in 2019 reached 92 per cent
- European leveraged loan issuance in 2019 was down slightly on the previous year to €209.1 billion
- High yield bond...more
2/19/2020
/ Acquisitions ,
Bifurcation ,
Borrowers ,
Covenant Lite Deals ,
EBITDA ,
EU ,
High Yield Bonds ,
Interest Rates ,
Investors ,
Leveraged Finance ,
Leveraged Lending ,
Mergers ,
UK Brexit
Although acquisition activity in the European leveraged finance market has been on an upward trajectory since 2012, 2018 saw a substantial increase in buyout activity, which reached €57.6 billion in total, marking a return to...more
6/12/2019
/ Acquisitions ,
Carve Out Provisions ,
Disclosure Requirements ,
Due Diligence ,
EU ,
Leveraged Buyout ,
Leveraged Finance ,
Mergers ,
p2p ,
Private Equity Firms ,
Syndication ,
Takeover Bids ,
UK