As Easter approaches, even the non-spiritual among us are tempted to look back at decisions made and, perhaps to pray for the resurrection of better times. And yes, this does also apply to private credit where some lenders are very much experiencing buyers’ remorse for committing to stingy pricing on loose-documented deals — as recently as last year.

“There must be a German word for committing €600m to a deal then regretting it,” one club direct lender privately said at a conference in Germany after participating in a large, well-known 2022 European unitranche financing. 

There is. It’s called den Kauf bereuen, or Käufer bedauern.