Kirstie Hutchinson and Adam Caines, private capital partners at Macfarlanes, dive into the evolving landscape of mid-market loan documentation in Europe. They discuss how relaxed documentation practices are shifting the balance in favor of borrowers, and highlight new clauses that may raise concerns among lenders. The conversation also touches on the impact of external events like COVID-19 on loan structures, emphasizing the importance of strong relationships between borrowers and lenders in navigating this complex terrain.