Relentless demand for data center financing is pushing AI-related high yield issuance to record highs. Bond structures are evolving quickly to protect investor interests while meeting issuer appetite
Declining valuations in the software industry and an impending wall of covenant resets have shackled the high-growth ARR lending market. Borrowers and lenders are unsure what comes next
Despite headwinds related to AI-led disruption and the conflict in Iran, leveraged loan markets in Europe and the US proved resilient in Q1, with high-quality borrowers continuing to access financing throughout the quarter
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