This article originally appeared in Forbes.  Here’s a horror story for you: You’re a private equity or corporate borrower looking...
Identifying and contacting lenders, devising capital structures and pitching the ‘credit story’ of your deal are all time-intensive activities. These...

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Cyclical industries such as Wholesale, Retail, and certain Manufacturing sectors are facing the dual pressures of rising inflation and lagging supply chain disruptions. Current unstable market conditions are prompting many...
Hey PE professionals, has this ever happened to you… You decide to approach the debt capital markets—maybe a portfolio company has hit a rough patch, or is considering an acquisition,...
The US direct lending market has grown in popularity in recent years, thanks to a shifting regulatory landscape which has prompted borrowers to seek alternatives to traditional bank financing. Direct...
A first lien term loan is one of the more standard debt structures. First lien term loans are senior secured debt that maintain first right on collateral and first payout...
A second lien term loan is debt issued to supplement first lien debt that is already in place or is to be issued simultaneously. As the name suggests, second lien...
Designed to supplement limited amounts of first lien debt provided by banks, a first-in-last-out, or FILO loan, maintains a senior secured first priority lien on all assets of the borrower....
Financial covenants are an early warning system for lenders. A borrower failing to meet its covenant requirements is akin to a smoke alarm going off: not necessarily a problem, but...
This article originally appeared in Forbes.  Here’s a horror story for you: You’re a private equity or corporate borrower looking for a loan. You approach your small network of bankers...
Hey PE professionals, has this ever happened to you… You decide to approach the debt capital markets—maybe a portfolio company has hit a rough patch, or is considering an acquisition,...
Article Highlights Many assume debt is growing more expensive as interest rates rise. In reality, borrowers can still achieve near-historically low interest rates Competition and dry powder are placing downward...