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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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James Lumby will be senior leader of the fund liquidity solution team
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New team will start next year and focus on lower mid-market
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Two speculative grade companies have met their financing needs before the end of the year
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Issuer's second deal is tight for market but wider than G+D has paid for a long time
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Next year could be tough if direct lenders are not as enthusiastic as in 2022
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Four LBOs in less than 24 hours: a sign of market revival or greater distress?