Corporate Lenders Are Locking Down Protection Against Tough Times From High Rates
Lenders to risky, debt-laden companies are increasingly demanding protection from financing maneuvers used to undercut creditors when times get tough. A recent crop of leveraged loans demonstrates investors’ heightened concern with protecting their assets. In some recent deals money managers have successfully closed loopholes borrowers might have tried to exploit if higher-for-longer interest rates overwhelmed … Read more