Bill Eckmann News Today

To win deals, managers in the $1.7 trillion industry are offering cheaper pricing and giving up key investor protections.

The trend, known as portability, describes loans that remain essentially unchanged when a company gets new ownership.

After two years of rising interest costs hindering asset sales, owners are seizing on recent rate stability to push for portability to get deals done.

With regional banks pulling back from the middle market, private debt players get busy, but will smaller players get pushed aside?