9fin reposted this
Three issuers have come to the loan market with portability provisions in recent weeks, as sponsors sat on long-held assets hope for a shift in the dealmaking gridlock of the past two years. It's not good news for lenders: leverage tests are often above opening levels and sale announcements can come surprisingly quickly post-transaction... 🏃♀️ For 9fin subscribers at: https://lnkd.in/eTxU8g3Y
Senior Digital Producer
1wGreat read!