Private Credit Lenders Should Remain Vigilant in 2021
By EsqSocial Corporation 21/05/21
Private credit lenders began 2020 facing the dual challenges of an increased risk of defaults and a lack of strong financial covenants, and the pandemic sparked a significant increase in defaults to 8.1% in Q2. However, borrower defaults in Q3 and Q4 were lower than anticipated following the COVID-fueled spike in Q2, due in part to cash infusions into distressed borrowers by private equity sponsors and federal stimulus measures. Despite the continued economic headwinds from the pandemic through...
By: Proskauer - The Capital Commitment