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Sub-$50m ebitda private credit borrows under financial pressure prior to tariff volatility
Direct lenders take the initiative as banks step back
In recent weeks, private credit and direct lenders have brought more certainty to borrowers as capital markets were roiled by tariff chaos
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Europeans issue short deals as IG investors fill up before US elections
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Double-As to triple-Bs get harder to place amid onslaught of last-minute new issuance
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Junior creditors propose cheaper offer to Class A deal
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Company's debt woes has seen its credit rating cut another notch
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New role was created by reorganisation in spring
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Embattled water company already has £1.5bn backstopped as it fights for its future
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