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International tension has propelled valuations in the sector up, tempting issuers
Munich-based company's deal is one of five launched this month
Big deal joins light supply in January
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Long seen as adversaries, banks and private credit lenders are getting used to working together -
Fahy will also lead asset-based finance origination
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Direct lending default rates tick higher amid notable distressed situations
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Financing consists of three tranches of loan facilities
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Hire comes from law firm, Mayer Brown, where he was also a partner
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A Swiss borrower has already closed books and Austria's Egger will soon
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