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Risks of not shifting soon enough to new Sofr market benchmark are rising
Rating agency points to opacity and eroding standards among risk factors
An intriguing measure that can be misleading
A bumpy shift to a world with higher interest rates would leave many companies struggling
Loans to fund buyout of chicken producer Sanderson Farms will be pegged to new Sofr benchmark
SoftBank vies for control of Santa Monica-based Fair with the leasing group’s founder
Scrutinising buyout tools rather than ownership is a better course
Central bank’s head of supervision Andrea Enria cites the heavy losses banks suffered in Archegos debacle
Hedge fund Diameter lines up 6 launches of loan-backed debt vehicles after $250m seed funding
As global corporate debt rises, some analysts question the traditional measure of ability to repay
Payouts through such deals reach record quarterly high after vigorous investor demand
Moves come after US court ruled lender could not reclaim funds sent to Revlon creditors in error
Crisis outflows helped strip away Lord Abbett fund’s status as largest in the sector
Cinema group risked default in holding out over contested additional costs
Swedish security group wraps up historic dividend recapitalisation deal
Policymakers frustrated by some lenders’ lack of action to tighten controls
Private equity buyers take advantage of low yields to pile companies up with borrowings
Specialists in private company loans face losses as months of pandemic restrictions take toll on already-struggling sector
Battles over ‘cov-lite’ loans signal long overdue correction in markets
Regulator requested suspension of key areas of business amid concern at ‘incomplete’ framework for monitoring risk
Investors switch focus to credit funds as alternative to public markets flooded with stimulus money
Can buyers collectively learn their lesson and become more disciplined?
Large investment vehicle underscores continued demand for riskier loans
More big companies expected to spurn their banks for $1bn-plus funding deals
Private equity groups take advantage of low rate environment to tilt business terms in their favour