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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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Company's bespoke financing will help fund growth
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European private credit funds poised for more inflows following Trump tariffs
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Flooring company's bespoke 'super senior funding' was done away from the syndicated loan market
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Firm’s tailored package for UK nuclear project is new milestone in private credit’s advance into investment grade lending
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The financing follows the completion of site's construction
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Half of the facility came from one investor