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The fourth edition of our Guide to Private Credit in Europe provides you with an up-to-date overview of key issues for consideration in private credit transactions.
The European market for sub investment grade corporate credit is now a permanent feature of the financial landscape. This is being driven in large part by the increased prominence of direct lenders as an alternative source of debt financing. A wide array of private debt products are now available to borrowers in addition to, or as an alternative to, traditional bank lending. This dynamic looks set to continue against the backdrop of instability and uncertainty in the economic and political landscape which creates a challenging environment for the capital markets participants. Additional factors include legislative changes in domestic insolvency processes and ongoing moves towards further deregulation. Well advised corporates are encouraged to recapitalize or restructure without using traditional funding sources. With private capital lenders raising larger funds and having the flexibility to deploy across the credit spectrum on bigger transactions, they continue to challenge the traditional place of the capital markets by presenting sophisticated borrowers with a stable source capital when more traditional lenders may be looking to retrench.
This guide to private credit in Europe includes key issues for consideration in private credit transactions and cross-border lending across 14 jurisdictions, providing both a high-level overview and a more sophisticated detailed jurisdiction by jurisdiction analysis.
Click here to download the Guide to compare jurisdictions.
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