Covenant protections for new-issue private credit loans (PCs) have improved in 2023 amid tighter lending conditions, following the trend in the broadly syndicated market. On average, the Documentation Score...
Read More
Securing “Serta” protections—which fortify affected lenders’ voting rights—has become a focus for lenders over the past three years as managers assess the damage that liquidity management transactions (LMTs) pose for…