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Goldilocks credit markets – as high rates create strong demand without widespread credit fears
High interest rates are creating excellent credit markets for issuers and investors.
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US economy doing well – high ISM raises the chances of higher rates
Data from surveys from industry (like this PMI Manufacturer’s survey) and employment data has held up well, while inflation is increasing. This combination increases the odds…
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Warner Bros raises $15 billion in largest term loan B deal since 2007
Warner Bros. Discovery raised tha largest term loan B since 2007 – and the second largest of all time. Strong market demand – it was 2x…
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Consider your PE credit risk as JPMorgan in the market to buy protection
You may want to identify and assess risks in your portfolio that carry direct or indirect credit risk to private equity funds.
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DCM Insider Weekly – 18th May 2026
Long term interest rates have increased. This will change the debt capital markets.
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DCM Insider Weekly – 12th May 2026
Record new issuance and close to all time low spreads. Experienced borrowers locking in funds.
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Investors should manage the risk of more “aggressive” liability management exercises on their portfolios
Fixed income investors should be proactive in protecting themselves. These exercises create opportunities for distressed debt investors.
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DCM Insider Weekly – 4th May 2026
Market continue to be positive. Issuers and investors may want to use this period to derisk.
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Position for Defence DCM
Defence DCM – across bonds, private credit, securitisation and leveraged finance – is likely to grow very rapidly.
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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.
Markets
Syndicated loans
Broadly syndicated loans, buyout financing, and liability management. We follow underwriting decisions, pricing and documentation. For arrangers, institutional loan investors and CLO managers assessing supply, structure and terms.