Thu 09/01/2022 06:18 AM
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The European leveraged loan primary market in 2022-to-date has been marred by volatility and uncertainty, leading to dramatically lower volumes of issuance. Many of the deals that came to market struggled during syndication as the turbulent macro environment made loan investors more risk averse. As a result, lenders pushed for more favorable terms in their loan documentation. As illustrated in our H1 2022 European leveraged loan covenant trends wrap, successful investor pushback during...
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