A Game of Survivor: Private Credit Restructuring Year in Review | Proskauer Rose LLP
To embed, copy and paste the code into your website or blog: Private credit lenders started 2020 both with anticipation and trepidation. Activity levels were strong and default levels were at historic lows, but private credit lenders worried about the risk of economic headwinds – after all, we were then in the extra innings of the longest economic recovery on record. At the time, we predicted the next wave of restructurings would be different because, unlike traditional lenders, private credit lenders have many more tools in the restructuring toolbox: strong relationships with sponsors,...
Source: jdsupra.com