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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
Trade was oversubscribed in under 20 minutes
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The loan is not to finance takeover, but will refinance coming maturities
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Leveraging-up deals are being done again as lenders need to put capital to work
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New strategy will target tickets of more than $500m after banks retreat from sponsor-backed LBOs
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Lenders are slowly beginning to claw back some safeguards, but many doubt they will get far
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The private credit manager hired FIBR's Oren Bass to head origination for the vehicle
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