Levloan borrower clout dips but the trend will get back on track
![Pushback](https://assets.euromoneydigital.com/dims4/default/96d1160/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F5b%2Fcf%2Ffe85889067ad76cea13c0feae286%2Fpushback-230x150.jpg)
The power of corporate borrowers in the leveraged loan market has taken a beating in the last three weeks. Investor pushback drove changes of terms on a series of deals, the most recent being the term loan ‘B’ portion of a €7.5bn facility for DE Master Blenders. But this is just a blip. Borrower clout in the leveraged market is still growing, and the shift to the dominance of covenant-lite deals looks inevitable.
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