News
Financial Institutions Horizons 2023
15 February 2023
The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset...
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News
European leveraged loan restructurings: why the next downturn will be different
19 January 2023
Although the IMF recently announced at Davos that it would upgrade its global economic forecasts, with an improvement predicted in the later part of 2023 and into 2024, times remain...
News
UK Take-Privates funded by Private Credit
05 September 2022
The provision of leveraged financing to help fund the acquisition of listed companies into sponsor-backed private ownership (“P2Ps”) is a well-trodden path.However, with the...
News
The Rise of ARR Financings
21 January 2022
EBITDA has long been the trusted metric for leveraged financings, but the European market is becoming increasingly familiar with a new barometer of performance: annual recurring revenue...
News
Liquid Therapy Lev Fin Spin
22 June 2020
As the UK begins to emerge tentatively from lockdown, amendment and waiver processes continue on leveraged finance facilities for businesses which have been hit by COVID-19. A recurring...
Insights and Analysis
The evolving fiction of EBITDA in the European leveraged finance loans market Lev Fin Spin
22 November 2018
EBITDA first rose to prominence in the US leveraged buy-out craze of the 1980s and has since formed the key metric of leveraged finance transactions across the world. In this article,...
News
Key documentation issues in the European leveraged finance mid-market
05 October 2018
Many investors have voiced concerns in recent months that loan documentation terms havebecome so flexible in favour of sponsor-backed borrowers that they may lack key lender protections.
News
Key documentation issues in the European leveraged finance mid-market
04 October 2018
Many investors have voiced concerns in recent months that loan documentation terms havebecome so flexible in favour of sponsor-backed borrowers that they may lack key lender protections.
Insights and Analysis
Unitranche: On the up, down under
14 September 2017
Unitranche facilities have been a feature of the European and U.S. markets for a number of years, and have recently been making their mark in Australia. In this article, we provide a brief...
