LEVERAGED FINANCE
WALKING THE
TIGHTROPE


Leverage multiples rise, covenants loosen, bubble bursts. Repeat. Euromoney tracks the leverage finance cycle.


Direct lending’s growing pains

Direct lending’s growing pains

By LOUISE BOWMAN

More and more private equity sponsors in Europe are now comfortable using direct lenders in their deals – indeed many have done so multiple times.

Corporate funding faces uncertain future

Corporate funding faces uncertain future

By LOUISE BOWMAN

February’s volatility has shown that the markets may not always be there for the financing that corporates want to do and that the borrowers may not always be there for the financing that the markets want to do.