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A slow destruction of misallocated investment is more likely than a sudden stop
LBO financing includes $5.75bn term loan to be priced early next week
Investors eye 2028, 2031, 2032 as big years for loan maturities
Even leveraged deals still being underwritten, though banks are selective
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New technological solutions aim to make the relationship-based market more efficient, but some aspects of syndication will be hard to automate
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Marwa Elborai will join in early 2023
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Moody's predicts recovery from this year’s low
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Loan will refinance debt and finance acquisitions, including Camelot
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Deal including bilateral loan will extend debt maturities
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Next year could be tough if direct lenders are not as enthusiastic as in 2022