Debt Market Quarterly Update, Second Quarter 2023
As banks focus on risk reduction, private credit is offering lower amortizations, covenant relief, and extra capital to lower and middle market companies. More private companies are exploring this option, either independently or at the urging of their banks. This shift towards private credit and structured capital is expected to continue and could lead to a prosperous era for private credit in the coming years. This once niche product now has widespread appeal and usefulness for main street businesses.
Read more insights, see recent leveraged financed deals, volume and more in our latest update.