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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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Leveraged trio come to market before Christmas as favourable window stays open
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LMA survey reveals lenders' concerns and hopes for the next year
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Three of the deals are term loan Bs, hinting at 2023 activity
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Altice issues €2.04bn-equivalent loan at 500bp, up from 275bp for previous facility
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Warehouse company has avoided this year's interest rate rises
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New technological solutions aim to make the relationship-based market more efficient, but some aspects of syndication will be hard to automate