Navigating M&A Under Uncertainty

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This chapter explores the impact of the election and Federal Reserve rate cuts on mergers and acquisitions, revealing a slowdown in deal-making influenced by regulatory changes and higher interest rates. It examines the evolving landscape of private credit and leveraged loans amidst shifting issuer preferences and market dynamics, highlighting the need for new opportunities. Additionally, the chapter discusses the resilience of specific sectors while addressing challenges faced by others, providing insights into current market trends.

This week on The Reorg Primary View, host Katherine Schwartz sits down with Jeremy Burton, a portfolio manager on the leveraged finance team at PineBridge. Together, they delve into the current mood of the high-yield and leveraged loan markets this summer. Key topics include the impact of the upcoming election on new-money issuance, the rise of liability management exercises, and the effects of dividend recaps. Burton, who manages both high-yield bond and leveraged loan portfolios, provides valuable insights into the nuances between these two markets and current investor appetites. Additionally, we bring you our weekly summary of notable developments in the restructuring world, along with a preview of what’s coming up this week. For more information on our latest events and webinars, visit reorg.com/resources/events-and-webinars/ Sign up for our weekly newsletter, Reorg on the Record: reorg.com/resources/reorg-on-the-record We’re looking for feedback to improve the podcast experience! Please share your thoughts by taking the survey:https://www.research.net/r/Reorg_podcast_survey