- Interesting Electronic Arts Liability Management – Bond Prices Fall
Electronic Arts’ acquiring group announced plans to potentially defease EA’s outstanding bonds – catching some investors by surprise. Bond prices fell rapidly. - Creditors Ask Court to Throw Out Optimum Antitrust Case that Could Change the Future of the Private and Public Credit Markets
The precedent set in this transaction will affect the relative power of creditors and issuers in stressed situations. - Primer: SRT Trades
Over $1 trillion of assets has been protected by Significant Risk Transfer trades since 2016. - Buyside: ADIA and MUFG Back AlbaCore’s New European Senior Lending Strategy
The European private credit market is a rapidly growing part of the European debt capital markets. This first close gives AlbaCore $1.8 billion of investable capital for this strategy. - US Private Credit Default Rate Up From 5.0% To 5.7%
Borrowers who took on private credit debt when interest rates were low have faced much higher interest rates over the last few years – putting pressure on cash flows.
