Private Debt Investor | Loan Note: The Growth of ‘Super Senior;’ Covenant Breaches on the Up

Jul 2022

Originally published by Private Debt Investor on July 21, 2022.

Aude Doyen, Managing Director in Lincoln’s Capital Advisory Group, offers a perspective on the reasons why private credit covenant breaches have increased, backed by findings from Lincoln’s European Private Market Insights Webinar.

Click here to view the original article.

Summary

  • Aude Doyen, Managing Director in Lincoln’s Capital Advisory Group, shares with Private Debt Investor the reasons why private credit covenant breaches are increasing.

  • Sign up to receive Lincoln's perspectives

Contributor

Meet Professionals with Complementary Expertise

Related Perspectives

Dividend Recapitalizations: Hit the Market Before M&A Activity Rebounds

Private debt funds have increased their dry power to $506.2 billion and acquisition-related private debt volume has reached all-time lows. As a result, private debt investors have become more aggressive… Read More

Citywire | PE Firm Permira Seeks to Up Evelyn’s Debt to Pay Shareholder Dividends

Originally posted by Citywire on February 15, 2024. The majority shareholder of Permira, Evelyn, wants to increase its debt through a dividend recapitalization to pay itself and other shareholders. Private… Read More

The Rising Popularity of NAV Loans

The current economic environment has called for partial liquidity alternatives that provide value for private equity firms and other fund managers. One of those alternatives, the net asset value (NAV)… Read More

Lincoln International Awarded M&A Advisor Chapter 11 Reorganization and Restructuring Deal of the Year Awards

Lincoln International is pleased to share that we have received The M&A Advisor’s Chapter 11 Reorganization of the Year ($100-$250 million) and Restructuring Deal of the Year ($250-$500 million) awards.… Read More