US LevFin Wrap — Private credit borrowers make the switch and Amer shows LevFin loves a sports name
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Are the syndicated debt markets really back? Kind of.
The rally in high yield bonds and loans is helping banks pull back some of the market share that direct lenders carved out in recent years. One example is UK insurance broker Ardonagh, which is bringing a $2bn-equivalent syndicated cross-border financing alongside an expected $3bn private credit financing, after reportedly considering a $5bn all-private solution.