NEW YORK (LPC) - Restrictions within the US government's coronavirus aid Main Street Lending Program (MSLP) are staving off borrowers and lenders alike even as new lending activity begins to pick up in the middle market.
LONDON, July 2 (LPC) - Direct lenders are turning on their
firepower to provide financing for European companies, taking
advantage of market jitters caused by Covid-19 in the leveraged
NEW YORK, June 16 (LPC) - Film production company New
Regency has turned to a private debt lender Carlyle Direct
Lending for a US$125m loan, according to a press statement.
NEW YORK, June 15 (LPC) - Venture lending business
development companies (BDCs) are becoming increasingly active in
the private credit space as the coronavirus pandemic continues
to weigh down more traditional sources of lending for small and
NEW YORK, June 15 (LPC) - Veterinary services provider
Pathway Vet Alliance has turned to the private debt market to
place a US$255m second-lien loan that would have made a larger
debt package a harder sell among investors.
NEW YORK, May 22 (LPC) - Middle market companies that have
exhausted traditional funding sources are increasingly using
their assets as collateral to access vital liquidity for their
NEW YORK, April 30 (LPC) - A trickle of deals in middle
market sponsored lending is showing early signs of increased
pricing and more lender-friendly documentation, reversing a
years-long trend that had seen private equity borrowers’
NEW YORK, April 16 (LPC) - Business development companies
(BDC) feeling the squeeze from the economic shutdown caused by
the coronavirus pandemic are likely to pass that pressure onto
shareholders over the next two quarters through dividend cuts.
NEW YORK, April 6 (LPC) - Texas businessman Tilman Fertitta
is after US$250m from US leveraged loan investors to shore up
liquidity at a time when the novel coronavirus has forced the
hospitality magnate to cease operations at his casinos and
restaurants, according to sources familiar with the transaction.
NEW YORK, March 27 (LPC) - Business development companies
(BDCs) are seeking to reassure their investors as they face a
one-two punch from the coronavirus pandemic and fears of a deep
recession rattle the US.