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Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit
Pharmaceuticals and energy transition also ripe sectors for M&A
Borrowers moving between the two markets create opportunities for both
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Biofarma Group launches €345m high yield bond -
The primary leveraged finance market is beginning to churn out deals again. The first European high yield deal in 10 weeks is expected to be priced this week and a handful of leveraged loans have begun the pricing process.
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Technical difficulty and disagreements about responsibility impede progress
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Better pricing conditions are enabling managers to refresh old deals
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Departure comes at critical time for the credit manager
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