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Moody's says the prevalence of PIKs could lead to bondholders wanting structural risk mitigants
Blackstone out with two trades but overall issuance could suffer
The Manchester based company was advised by debt specialist Alvarez & Marsal
Direct lenders take the initiative as banks step back
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Equal cost of funding in euros and dollars allows global companies to diversify investor base
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Levloan issuance in the first quarter is halved from 2022, despite optimism across the market
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The mid-market is becoming more lender-friendly as risk appetite remains sensitive
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Market optimism supports deals after 10 days without new issues
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Amendments and extends still form most deals in leveraged finance
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Dutch accounting services firm takes €1.3bn-equivalent loan as it plans to increase acquisitions