Direct Lending

Mariana Valle Mariana Valle Head of Leveraged Finance and Direct Lending Coverage, Co-Deputy Editor, Europe, Debtwire

With banks fighting hard to keep hold of their turf, offering competitive leverage on deals, asset managers are increasingly looking to stretched senior financing as a way to compete in a level playing field. But with a rising number of players expected to offer the 5-6% stretched senior in 2017, the new debt solution risks doing to the unitranche what second lien did to mezzanine.

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