9Questions — Patrick Ottersbach, Macquarie — If you got it, port it!
- Josie Shillito
9Questions is our Q&A series featuring key decision-makers in the corporate credit markets — get in touch if you know who we should be talking to!
Portability provisions have become more attractive lately because of the high cost of debt — there’s a recent example in the form of UK waste management business Enva, which ported its existing debt (provided by Macquarie) when Exponent Private Equity sold the company to I Squared.
Patrick Ottersbach, head of Macquarie Capital Private Credit, talks 9fin’s Josie Shillito through the mechanics of debt portability.