Our advice from experience would be for borrowers to engage early because it tends to be the case that the credit funds are supportive provided that they have the opportunity to work things through.
Paul Mullen, Hogan Lovells
Hogan Lovells’ leveraged loans specialists Paul Mullen (Global Head of Banking & Loan Finance) and Susan Whitehead (Senior Consultant) have a wide-ranging discussion about the impact of high interest rates and other challenging market conditions on the European mid-market leveraged loans market. They cover whether documentation terms for existing deals might help portfolio companies who have borrowed in the last few years; how the originations market for new financings is faring; and whether they are seeing documentation terms changing in response to the challenging conditions.
How private credit-backed European leveraged loans are being impacted by tough economic conditions