PE KeyTrends - PE-Backed Deals Hit Highest Level Since 2007 - btbirkett@gmail.com - Gmail
...COVENANT-LITE AT RECORD, AS U.S. LEVERAGE GUIDANCE IS ELIMINATED. Issuance of covenant-lite leveraged loans, which place few restrictions on borrowers and are used to finance private equity purchases, achieved a record as a percentage of leveraged credit in the bellwether U.S. market in the first nine months of the year. Covenant-lite accounted for an unprecedented 72.9 percent of all U.S. leveraged loans, or $690 billion out of outstanding issuance of $947 billion, also a record amount
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment