At a glance
- Another 65 names were in the pipeline during the same period.
- Eleven of the 14 exercises involved additional capital, so lenders and allocators face decisions on whether to deepen exposure to borrowers reworking terms.
- The 65-name pipeline keeps that restructuring risk live into next quarter.
Private credit borrowers executed 14 liability management exercises in the third quarter, according to 9fin.
Eleven of those deals raised new money.
Another 65 names were in the pipeline during the same period.
Eleven of the 14 exercises involved additional capital, so lenders and allocators face decisions on whether to deepen exposure to borrowers reworking terms.
The 65-name pipeline keeps that restructuring risk live into next quarter.
Eleven of the 14 reworked deals raised new money
Q3 private credit liability management exercises, by whether they raised new money
| Part | Value | Share |
|---|---|---|
| 11 | 78.6% | |
| 3 | 21.4% |
Source: 9fin
Reported by The Wrap desk from 9fin. Published . Corrections