Private Debt

  • Will direct lenders prove to be wolves in sheep’s clothing?

    Will direct lenders prove to be wolves in sheep’s clothing?

    Direct lenders and debt funds have always pitched themselves as closer partners for businesses than banks, bondholders, or other institutional lenders. When the going gets tough, they can move faster to waive covenants and offer new money than a less concentrated creditor group. But this so called partnership also puts them in pole position to take the keys when things go wrong — which we may see happen this year.

  • What price bonds in the Biden era?

    What price bonds in the Biden era?

    A new era has begun in the US, with the swearing in of Joe Biden as president. For America and the rest of the world it is a sea change in leadership style and political substance.

  • Afme proposes recapping with equity-like

    Afme proposes recapping with equity-like

    Many EU companies could do with capital beyond debt, according to the Association for Financial Markets in Europe (Afme). The trade body, in a report it produced alongside PwC, suggests encouraging the use of equity-adjacent products to fill balance sheet gaps from the coronavirus crisis.

  • Dawn of Schuldschein debuts as TeamViewer launches ESG deal

    Dawn of Schuldschein debuts as TeamViewer launches ESG deal

    German software company TeamViewer launched an inaugural Schuldschein deal on Monday, with margins linked to its ESG performance. Five new borrowers have entered the Schuldschein market so far this year, almost half as many as appeared throughout the whole of 2020.

  • Aedifica debuts in US PPs

    Aedifica debuts in US PPs

    Aedifica, a Belgium-based healthcare property investment company, has launched a US private placement, according to market sources.

  • Trafigura causes stir with debut Schuldschein

    Trafigura causes stir with debut Schuldschein

    Commodities trading giant Trafigura has launched a Schuldschein which, due to its poor credit profile and high intended yield, is a clear outlier in the market, while some bankers are surprised that such a large company would try to raise such a small loan.

  • Hamburg Airport fails to land Schuldschein

    Hamburg Airport fails to land Schuldschein

    Hamburg Airport has pulled a Schuldschein transaction with an initial target of €100m, according to several market sources, due to a lack of interest from investors.

  • People news in brief

    People news in brief

    Natixis promotes DCM bankers — Powell quits IFAD job — NatWest Markets makes Peberdy, Donaldson and Manwaring's positions permanent

private debt news archive
Private Debt Newsletter

 

Private Debt Newsletter is GlobalCapital's free weekly newsletter that keeps you updated on transactions and themes within private debt, with occasional opinion pieces.




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