Debt and swap negotiations turn tough for corporates

By Ross Lancaster
12 Aug 2020

US corporates under stress from Covid-19 economic shocks, especially those in the real estate sector, have been struggling in their renegotiations of loan and swap agreements as power has flowed back to the banks, writes Ross Lancaster.

Since the spread of the coronavirus led to widespread lockdowns across the US, many corporates have been forced to renegotiate loans with their banks.

A gruelling process at the best of times, for many the saga has been complicated by the need to address interest rate swaps attached ...

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