Nov 22, 2021
1 min

Private Lenders Ratchet Up Risk as They Fight for Business

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Both Canadian and US Private debt lenders continue to issue loans with fewer ways to trigger bankruptcies or restructurings, with up to 20% of private loans being “covenant-lite”.

When economic growth slows and companies begin to struggle, private lenders could find themselves with fewer levers for fixing their loans after giving up protections. On the flip side, borrowers will have more breathing room to navigate the difficulty. 

"Private credit funds, flush with cash [are] competing more intensely to win lending business." – Bloomberg

Private Lenders Ratchet Up Risk as They Fight for Business

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