Reorg Launches European A&E Tracker
Thu Jun 15, 2023 4:25 pm Covenants Analysis
In light of macroeconomic headwinds, rising central bank rates and the resulting difficult conditions for refinancing seen since the first quarter of 2022, Reorg has started tracking amend-and-extend, or A&E, transactions in the European leveraged finance market.
Our recent report, compiled by the EMEA legal team, highlights key trends based on our intelligence on A&Es gathered to date:
- Since July 2022, 70 different tranches of debt have been subject of a consensual A&E, with 52 of those being launched in 2023 alone.
- Borrowers typically launch their A&Es with an average remaining time to maturity of 21 months.
- The average extension period seen is 29 months, with a range of six to 51 months.
Learn how Reorg’s A&E tracker can help you and your team manage upcoming debt maturities during challenging macroeconomic times. Read the full article here.
Learn more about Reorg’s EMEA Core Credit and Covenants product, or contact us with any questions.
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