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

April 30, 2018
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

April 04, 2018
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.

ECB botches leveraged finance guidelines

ECB botches leveraged finance guidelines

August 01, 2017

The European Central Bank (ECB) has irritated bankers with efforts to impose its own equivalent to US standards on leverage finance that may be doomed anyway.