Thu 07/15/2021 11:55 AM
The European high-yield bond market has been full steam ahead during the first half of 2021. In addition to seeking funding for new acquisitions, borrowers and their sponsors have continued to take advantage of market conditions to refinance existing debt and push out the maturity of their capital structures and to fund dividend recapitalizations.
In this roundup of key developments and aggressive covenants trends, we will highlight the areas where traditional lender protections continue...
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