Very interesting article based on research by Proskauer on the overall 'health' of the Private Credit market. Effectively it supports the thesis that good debt providers are still doing good deals in the main, complete with associated covenant protection and leverage levels. Whilst there will always be outliers, the opaque nature of a market needn't necessarily translate as risky business practice.
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This Law Firm Wants to Put the Private Credit Debate to Rest
This Law Firm Wants to Put the
Private Credit Debate to Rest