News
October 2024
Is Dealmaking Becoming Increasingly Aggressive in the Private Credit Market?
Atlanta, GA — Increased competition among lenders in the second quarter has led to more favorable financing packages for premium borrowers, with (i) debt quantum (closing leverage and access to incremental capital), (ii) rate (tightened spreads and interest rate composition) and (iii) operational flexibility (fewer and looser covenant restrictions) differentiating proposal submissions.
“We’re seeing greater variability in terms and that’s really a function of a subset of lenders contacted in any given process being willing to stretch beyond what is considered market in order to win the deal,” said Configure Director Connor Barth.
To hear more of what Configure Director Connor Barth had to say about this topic, click here: https://www.privatedebtinvestor.com/configure-partners-report-finds-aggressive-dealmaking/
To view our Q2 Private Credit Quarterly Report, click here: https://configurepartners.com/private-credit-quarterly/q2-2024-private-credit-quarterly/
