Debtwire’s Post

Direct lenders debate new protections to avoid being Pluralsight-ed- from myself and Ioana Madalina Iacob Our latest feature explores just how the direct lending market is reacting to the not-quite-an-LME move that happened with Vista-backed Pluralsight this summer. That particular saga ended with the lenders taking control, but direct lenders looking at new deals today are asking ‘can I get a pluralsight protection?’ This one is free to the public, so go ahead and click that link 😉

Andrew Pace of Asset Compliant Solutions (ACS) discusses how and why wrongful repossessions are costly as lenders often assume their repossession partners and agencies meet all the appropriate licensing requirements. Unfortunately, these lenders are wrong.  Read the full featured blog here: https://lnkd.in/ed7-GTHp #assetmanagement #repossessions #lenders #lending #banking #equipmentfinance #equipmentleasing #leasing #assetbasedlending Brian Noble Michael Morrison

Andrew Pace of Asset Compliant Solutions (ACS) discusses how and why wrongful repossessions are costly as lenders often assume their repossession partners and agencies meet all the appropriate licensing requirements. Unfortunately, these lenders are wrong.  Read the full featured blog here: https://lnkd.in/eYndingA #assetmanagement #repossessions #lenders #lending #banking #equipmentfinance #equipmentleasing #leasing #assetbasedlending Brian Noble Michael Morrison

🚨This is a fascinating transaction where Pluralsight’s private credit lenders have structured a debt-for-equity exchange that results in the lenders taking 100% ownership of the company and putting $250 million of new capital into the business. The rise of private credit has been one of the most significant capital market developments of the last decade. It is estimated that the size of the private credit market was approximately $1.5 trillion at the start of 2024 and could grow to approximately $2.8 trillion by 2028. 💡Goodwin’s thoughts on this transaction here… #goodwinlaw #privateequity #privatecredit

Proskauer has published an insightful article on value leakage in private credit agreements. It dives deep into mechanisms such as baskets and covenant protections to help lenders maximize their prospects of full loan repayment, while minimizing potential leakage. Proskauer Rose LLP https://lnkd.in/dBnTmPHb #PrivateDebt #PrivateCredit

While securitizations offer numerous benefits, there are a number of important points for originators to consider to facilitate entering into a securitization transaction and to avoid prolonged legal work further down the line. In this article, we briefly discuss essential points that originators should be aware of and discuss with prospective lenders or arrangers prior to structuring a securitization. #Securitization

While securitizations offer numerous benefits, there are a number of important points for originators to consider to facilitate entering into a securitization transaction and to avoid prolonged legal work further down the line. In this article, we briefly discuss essential points that originators should be aware of and discuss with prospective lenders or arrangers prior to structuring a securitization. #Securitization

Great working with Francis Joyner and Chris Ellis on our latest #fundfinance legal update. It explores temporary increase tranches in subscription credit facilities. These innovative structures offer funds greater flexibility to adjust facility size quickly, but also introduce new complexities.  Key topics covered: -Mechanics and benefits -Voting rights challenges -Payment allocation considerations For those in fund finance, this update provides helpful insights into evolving market practices. #MayerBrown

The article makes a good point that advisors need to know and understand about 'bonuses' and 'forgivable loans' from firms: wirehouses and firms are VIGILANT in enforcing the repayment of these loans/notes. Even if you are no longer registered. Be careful what you sign- understand what you sign before you sign it. Getting "out" of these notes... isn't really an option if your production drops or something changes.

Getting a receiver appointed for a distressed commercial asset is one of the strongest tools a lender or special servicer has! If you're interested in learning more about this process, check out the video linked below 👇 #cmbs #npls #distresseddebt #loanservicing #foreclosure #receiverships