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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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Stefano Questa joins as co-head with Eli Appelbaum to drive growth -
David Saitowitz's responsibilities will include investing in CLOs
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M&A has become more complicated, requiring longer commitments from banks
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◆ Do green bonds still offer enough reward for issuers? ◆ Crédit Agricole's nuclear option ◆ Banks rush to offer better terms to sub-IG companies
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Growing risk appetite makes banks seek out double-B borrowers and lend generously
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Companies carve out parts of traditionally undrawn facilities to meet borrowing needs
