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In recent weeks, private credit and direct lenders have brought more certainty to borrowers as capital markets were roiled by tariff chaos
Banks already working on deals in the industrials and chemicals sectors
As Ares raises the largest direct lending fund, Goldman Sachs reorganises to serve the trend
Sole bookrunner Morgan Stanley gets deal multiple times covered
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Market debates ramifications of the dominance of club deals in the long term -
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Some call €630m deal a hybrid between private debt and traditional syndication
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Proposals set out to create a more robust legislative framework
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Higher rates no longer a positive factor
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Covenant quality weaker for green bonds
