A&Es get harder as fears mount over refi wall

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A&Es get harder as fears mount over refi wall

Covenant waivers and amend and extend agreements will become more difficult for leveraged companies to obtain amid the liquidity squeeze on bank and CLO lenders, bankers warned this week. Distressed investors picking up debt from bank portfolio sales could add more difficulties, as they are less likely to be amenable to requests for more flexible terms.

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