Over the past year, we have seen a significant increase in Events of Default (each, an “EoD”) arising from financial underperformance. This trend is largely driven by the high interest rate and inflationary environment, with...more
6/12/2025
/ Borrowers ,
Contract Terms ,
Credit Agreements ,
Debt Restructuring ,
Enforcement ,
EU ,
Financial Distress ,
Lenders ,
Loans ,
Private Equity ,
Risk Management
Notwithstanding at least some deterioration in documentation standards towards the top-end of the private credit market in recent years, maintenance leverage covenants have remained a pervasive feature of unitranche as an...more
After the unprecedented boom of the immediate post‑COVID era, European M&A activity has slumped in recent months. Indeed, recent market intelligence from Dealogic showed that Q1 of 2023 in EMEA saw a 68% decline in M&A volume...more