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🔍 Have you checked out our LevFin Highlights 9M24 👉  https://lnkd.in/e86pU-Qw Leveraged finance issuance across the US and European institutional loan and high-yield bond markets rose 279% YoY to USD 1.4trn in the first nine months of 2024. Strong investor demand and the falling cost of borrowing propelled the rebound in market activity, with refinancing and opportunistic repricing transactions driving YTD volumes. Both M&A and LBO transactions bounced back from the historical lows seen in 2023. Renewed liquidity and tightening spreads helped syndicated markets regain their share of the large-cap LBO space from private credit funds, which had stepped in to fill the void during the more volatile periods over the last two years. The availability of cheaper financing attracted a raft of borrowers to refinance private credit debt in the broadly syndicated markets this year, giving a boost to the much-needed supply of new paper. With CLOs on track for record issuance this year and high-yield funds drawing in net inflows amid cooling inflation and expectations of monetary easing, technical conditions have been largely supportive for issuance. 

Direct lenders to Zips Car Wash are in discussions to take the keys of the business from financial sponsor Atlantic Street Capital in the latest sign of distress in the private capital space, according to two sources familiar with the matter: https://lnkd.in/eVZ4dNCd

Welcome to the team, Lavanya Nair! Lavanya joins us from LevFin Insights, where she covered Special Situations with a focus on the industrial, chemical, and paper & packaging sectors. With prior experience reporting on equity derivatives and wealth management, Lavanya brings great expertise to the team. A proud New York University alumna, Lavanya earned her master’s degree in Business & Economic Reporting in 2019. We look forward to the insights she’ll bring to our coverage!

CEEMEA debt capital markets have had a phenomenal year, with volumes surging in 2024. Although the White House could complicate the macroeconomic picture in 2025, market participants are confident for a sustained trajectory in primary market activity.   Since the start of the year, USD 287.6bn has been issued across CEEMEA, marking a notable YoY increase, according to Dealogic data. Historically tight spreads, minimal to no new issue premiums and a whole host of debut issuers have supercharged the market.   💡 What lies ahead for DCM in 2025? Explore our full outlook here: https://lnkd.in/gRAAqMMF

🎙️ On the latest episode of #Debtwired, our Direct Lending Reporter, Amelia Weitzman, is joined by Kirstie Hutchinson and Adam Caines, Private Capital Partners at Macfarlanes, to discuss the evolving state of documentation in the European private credit market. Tune in to explore: - How much is the gradual loosening of documentation putting direct lenders on the backfoot? - Are there any new clauses raising alarm bells? - And much more! 🎧 Listen here: https://lnkd.in/eQ9P5JSE

What are the trends in credit secondaries? Giovanni Amodeo spoke with Michael Schad, Partner at Coller Capital, to uncover key trends shaping the credit secondaries market. The discussion covered various points including the evolution of private credit secondaries, comparing it to the development of private equity secondaries. Schad noted that while the market for credit secondaries started later, it has quickly adopted similar transaction types, including GP-led transactions and structured deals. Catch the full conversation for more insights here: https://lnkd.in/ecqjmheF #IONInfluencers

🍔🌮 The restaurant industry faced a challenging year, with clear winners and losers emerging. Recently, Executive Editor John Bringardner, shared his insights with Amelia Lucas at CNBC on the factors driving these outcomes. This year, there have been a number of chains that have either expanded too quickly, struggling to pay old debts from the pandemic as consumer footfall has decreased. You can read more about the industry's performance and what it means for your favourite restaurants here: https://lnkd.in/eCFNC44g Stay informed with Debtwire's in-depth analysis by signing up for a free trial: https://lnkd.in/ekCjgphN  #RestaurantIndustry #Bankruptcy #Debtwire

🎙️ On the latest episode of #Debtwired, our North America Co-Managing Editor, Ioana Madalina Iacob, is joined by Jennifer Daly, Head of Private Credit and Special Situations at Paul Hastings. This episode takes a deep dive into: 📈 Key trends in the private credit market 🤝 Jennifer's insights on the deal environment during the Trump administration 📜 The latest covenant protections private lenders are requesting 🎧 Listen to the full podcast here: https://lnkd.in/eQ9P5JSE

💡 What’s shaping the Broadly Syndicated Loans (BSL) market, and what lies ahead for 2025? On the latest episode of the #Debtwired podcast, Laleh Bashirrad, Managing Director at BNP Paribas' leveraged syndicate team, joins our North America primary market reporter, Melina Chalkia, to dive into this topic. Laleh shares her insights on the current supply and demand dynamics in the BSL market, her optimistic outlook for high-yield product demand, how BSL and private credit, often seen as competitors, can unlock partnership opportunities, and more! 🎧 Listen to the full episode here: https://lnkd.in/eQ9P5JSE

🎉 That’s a wrap on the 3rd edition of #DebtwireMiami! A huge thank you to everyone who joined us, and also to our sponsors Akin Gump Strauss Hauer & Feld LLP, Alvarez & Marsal, C Street Advisory Group, Cleary Gottlieb Steen & Hamilton LLP, Clifford Chance, Kramer Levin Naftalis & Frankel LLP, Ropes & Gray LLP, and SAINZ! Missed the live event? No problem—you can catch all the sessions on-demand now ▶ https://lnkd.in/eHGyQnUR Looking ahead to another great year in 2025!