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Insights and Analysis

Debt for equity swaps in private equity backed companies financed by private debt funds

Is it Groundhog Day for private equity backed companies struggling to cope with higher interest rates, or is it different this time? The attempts to curb inflation flowing from the...

News

Financial Institutions Horizons 2024

If you had told me that we would leave 2023 having lost one of Switzerland’s largest banks, and yet also emerge relatively unscathed (at least by 2008 standards), I would have found...

News

How private credit-backed European leveraged loans are being impacted by tough economic conditions

Ahead of the publication of our FIS Horizons 2024, we share a conversation between Hogan Lovells’ Paul Mullen and Susan Whitehead about the impact of high interest rates and other...

News

UK Take-Privates funded by Private Credit

The provision of leveraged financing to help fund the acquisition of listed companies into sponsor-backed private ownership (“P2Ps”) is a well-trodden path.However, with the...

Insights and Analysis

Gearing up a rate: LIBOR transition progress in the European leveraged loans market Lev Fin Spin

As we fast approach the end of Q3, it is a good time to assess what progress is being made in the European leveraged loans market towards LIBOR transition. That's because one of the...

News

Liquid Therapy Lev Fin Spin

As the UK begins to emerge tentatively from lockdown, amendment and waiver processes continue on leveraged finance facilities for businesses which have been hit by COVID-19. A recurring...

News

COVID-19: UK Government extends support to private equity-backed businesses

Earlier this month, we published a note outlining the key preliminary features of the UK Government-backed Coronavirus Large Business Interruption Loan Scheme (the...

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COVID-19: The UK Government's additional financial support package may assist portfolio businesses

When the UK Government introduced its package of temporary measures to support businesses during the Covid-19 outbreak, its Coronavirus Business Interruption Loan Scheme (the "CBILS&quo...

News

COVID-19 – a health check for European leveraged financings

The impact of COVID-19 is developing fast across the globe and across industries. We outline a selection of the issues which we are currently busy discussing with lenders, sponsors...

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