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There is no crock of equity gold at the end of the rainbow
Creditors can and will be bumped down the pecking order at the time when it matters most
Restructuring takes step towards conclusion
Public markets have proven to be often just as illiquid, leading to a convergence in approach
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Equal cost of funding in euros and dollars allows global companies to diversify investor base -
Levloan issuance in the first quarter is halved from 2022, despite optimism across the market
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The mid-market is becoming more lender-friendly as risk appetite remains sensitive
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Market optimism supports deals after 10 days without new issues
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Amendments and extends still form most deals in leveraged finance
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Dutch accounting services firm takes €1.3bn-equivalent loan as it plans to increase acquisitions
