Speciality lenders could see post-Covid shakeout

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By Owen Sanderson
23 Jun 2020

In the wake of the coronavirus pandemic, the speciality lending landscape in Europe could see a shakeout, as financing becomes scarcer and leverage terms tougher, forcing thinly capitalised loan originators to seek extra funds or put themselves up for sale, according to a report from securitization specialists Integer Advisors.

Though securitization markets have recovered in recent weeks, with specialist lender Kensington able to call and refinance one of its 2017 deals, for example, some thinly capitalised lenders reliant on the wholesale markets may still struggle to meet the terms now on offer.

Kensington had to boost ...

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