This chapter delves into the challenges faced by funds due to rising interest rates impacting their ability to refinance debt maturities. The speaker shares insights on their proactive approach towards refinancing, utilizing equity, and the impact of refinancing and repricing actions on portfolio credits.
The question on everyone’s lips these days seems to be: are you going BSL, or are you going direct? But when private equity sponsors are building out their portfolio companies’ capital structures, their first concern is often whether the instruments they’re employing are a fit for the business at hand.
In this week’s Cloud 9fin episode, 9fin senior reporter Bianca Boorer sits down with David Leland, partner and head of capital markets at BC Partners, to discuss the recent refinancing wave, managing portfolio companies through crises, and how to determine the right blend of private credit and leveraged loans for a portfolio company.