Why Credit Conditions Have Actually Eased Over Past Year | Oaktree’s Wayne Dahl on High-Yield Bonds, Leveraged Loans, Private Credit, and the Recession Yet To Arrive
Forward Guidance
Navigating Private Credit and Payment-in-Kind Financing
This chapter explores payment-in-kind financing in the context of distressed companies, highlighting the advantages of private credit over traditional banking solutions. It addresses the evolving landscape of private credit, from direct lending to rescue financing, while emphasizing the need for flexibility in investment strategies amid changing market conditions. Additionally, the chapter discusses the challenges in assessing credit risks and the opacity of the high-yield bond market, underscoring the importance of staying informed to capitalize on emerging opportunities.
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