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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
Direct lending default rates tick higher amid notable distressed situations
A Swiss borrower has already closed books and Austria's Egger will soon
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Devrup Banerjee has been appointed to the adviser’s senior leadership team -
The Schuldschein is increasingly resembling the standards for bonds and opting for lender-friendly features
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Bond spreads have tightened, while Schuldschein pricing slowly accepts last year's widening
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The mid-market is becoming more lender-friendly as risk appetite remains sensitive
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Both borrowers cut shortest tranches from final shapes
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