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Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit
Pharmaceuticals and energy transition also ripe sectors for M&A
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Shares in Europe's most exposed banks dropped on Monday as countries ramped up restrictions -
Deal printed with a margin of Euribor plus 500bp and issue price of 98
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Deal comprised a €795m TLB, €150m RCF and €50m capex facility
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Albacore and Muzinich latest to launch funds
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Direct lenders poised to take advantage of any slump in issuance
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Private credit firm developed its own model and methodology
