Thu 07/08/2021 10:50 AM
The fast-paced European leveraged loan market showed no signs of slowing down in the first half of 2021 as supply continued to outstrip demand. In addition to seeking funding for new leveraged buyouts, borrowers and their sponsors have continued to take advantage of market conditions to refinance existing debt, add on incremental facilities (often alongside covenant amendments) and fund dividend recapitalizations.
In this roundup of key developments and aggressive covenants trends, we will
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