Private Lenders Are Offering Cheaper Debt Than Wall Street Banks
Direct lenders are lavishing risky companies and private-equity firms with capital.
Source: themiddlemarket.com
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Private lenders are offering cheaper debt than Wall Street banks
A dirty little secret in a $1.2 trillion world of credit is getting exposed as the Wall Street rout deepens: Private debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market — upending industry norms.
Source: americanbanker.com