Direct lending remains the primary avenue for new M&A deals given disruption in the syndicated market, and relationship-oriented lenders continue to support deal activity, according to a new quarterly report released by the Debt Capital Markets investment banking team from Brown Gibbons Lang & Company (BGL).
The leveraged loan market is open, but borrowers face tightening credit boxes and increased scrutiny. Inside the report, BGL examines common themes across the corporate financing landscape, as well as the varying approach lenders are taking to the current environment.
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