Fri 07/29/2022 05:01 AM
- Economic uncertainty adversely and severely impacted leveraged loan deal volumes in the first half of 2022;
- Impact was reflected in documentation; investors held firm against previously identified aggressive borrower innovations, while new innovations coming to market were relatively limited;
- Nevertheless, covenant terms remain loose overall; borrowers continue to enjoy significant value leakage and debt incurrence capacities, on top of borrower favorable...
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