US LevFin Wrap — SVB woes, bankers shop BetaNXT loan, what are loans even?
- Sasha Padbidri
- +Bill Weisbrod
- + 1 more
A good chunk of the LevFin community might’ve been at the JP Morgan high yield conference in Miami earlier this week, but back in New York, the primary pipeline machine was still fairly active — at least on the loans side.
Deals for TopGolf, Uber and Cetera were among those that cleared the market. But a pulled loan from Qlik Technologies (more on that below) showed investors are still holding the line on pricing for lower rated credits, especially after Fed Chair Jerome Powell made it clear this week that the central bank isn’t done with interest rate hikes.