The leveraged finance market has experienced explosive growth around the world over the last four years. M&A activity has led to borrower-friendly terms and pricing for debt types across the capital structure. This may continue as long as the private equity boom rolls on, although there are recent signs of a pullback on credit terms. Advisers arranging financing packages in today's market need to consider investor enthusiasm for new deals, legal frameworks around the globe and long-term challenges facing the underlying business. In this competitive field, shrewd decisions will separate long-term players from short-term opportunists.

•  PDF de l'article (anglais seulement)