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Crisis outflows helped strip away Lord Abbett fund’s status as largest in the sector
Cinema group risked default in holding out over contested additional costs
Swedish security group wraps up historic dividend recapitalisation deal
Policymakers frustrated by some lenders’ lack of action to tighten controls
Private equity buyers take advantage of low yields to pile companies up with borrowings
Specialists in private company loans face losses as months of pandemic restrictions take toll on already-struggling sector
Battles over ‘cov-lite’ loans signal long overdue correction in markets
Regulator requested suspension of key areas of business amid concern at ‘incomplete’ framework for monitoring risk
Investors switch focus to credit funds as alternative to public markets flooded with stimulus money
Can buyers collectively learn their lesson and become more disciplined?
Large investment vehicle underscores continued demand for riskier loans
More big companies expected to spurn their banks for $1bn-plus funding deals
Private equity groups take advantage of low rate environment to tilt business terms in their favour
More creditors agree to ‘portability’, meaning they will not have to be paid back if company is acquired
Buyout firms should face consequences if companies go bankrupt after paying dividends
TPG, Apax load companies with loans, seizing on strong demand for high-yielding debt
Highly leveraged property assets will find it difficult to match their past generosity with public investors
Rising debt and falling earnings have pushed riskier borrowers to ask lenders for flexibility
First wave of purchases of distressed real estate assets will prove particularly bad
Deal would create €7bn lender as companies hit by pandemic seek fresh financing
Lowest-rated loans proliferate after downgrades outnumber upgrades by 43 to 1
Lenders anxious to offload debt linked to megadeals struck before Covid crisis
Companies pledge all manner of assets as collateral for Covid-19 rescue deals
EU rules to stop giving state aid to apparently troubled companies clashes with buyout model
Jay Powell said extra fiscal measures may be ‘worth it’ to shield the US economy from long-term damage due
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