Private credit deals
Private credit deals: how a loan is agreed, what it really costs, and what happens when the borrower needs a change
This sub-hub covers how direct lending and other private credit deals are agreed: the stages, the all-in cost to the borrower, and how lenders behave when terms need amending. It asks who pays, and what the headline margin leaves out.
What readers ask
- Is direct lending a good idea?
- What are the risks of direct lending?
- What is a unitranche loan?
- How does a liability management exercise work?
- Can you give me an example of direct lending?
- What is the key difference between a first lien and a unitranche loan structure?