Looking at all the angles: incremental debt incurrence flexibility in detail
JD Supra: Mergers
OCTOBER 14, 2024
From large cap syndicated deals to mid-market private credit, whether in loans or in bonds, the ability for borrowers to incur material incremental debt is commonplace. However, when you look beyond the headline ratios and baskets, it becomes clear that the devil – and the true amount of debt capacity – is in the details.
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