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New dangers are making deals harder to do, but pricing for the haves is still tight
Manager refinances 2023 deal, reset in 2024
◆ Double-B French telecoms brings IG-style execution ◆ Demand peaks over €2bn ◆ Pipeline looks thin as uncertainty over Middle East conflict looms
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Structural protections should keep defaults and downgrades low amid geopolitical and macro risks -
How to get rid of old friends
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Using sleeping SLL structures could help companies cope when they need more time
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Primary spreads have so far withstood geopolitical risk and borrower concerns, but the balance is shaking
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The manager’s first new issue since 2022 was priced tight across the stack
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The way PE firms operate is changing and banks are being forced to adapt
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