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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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KBRA says delinquency was up by 23bp in August, on the heels of July's 34bp increase -
Market was hopeful of some relief but SEC ruling on private fund advisers goes even further
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At least three managers have issued cleansing notices, and more deals are being warmed up, say sources
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Structure caters for those investors wanting to be more than one notch away from triple-C territory
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