IFR Magazine – June 08, 2019

Top news

Direct lenders cut fees, adapt to survive

„ Loans Market has matured and lenders are facing intense competition

BY DAVID BROOKE

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entrants are likely to offer

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compression for unitranche loans

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relationship to each other as

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Banks take hit on challenging loans

„ Loans Deals for Evonik unit and Iberconsa price with painfully deep discounts

BY CLAIRE RUCKIN

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German chemicals group EVONIKSû

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banks are agreeing to tight

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“It is a hard market to
read and whatever you

think about whether

things are end or late

cycle, there are clearly
top of the market type

deals coming with

testing leverage”

“Experienced

managers with four or

five funds may have

a template and new

entrants are likely to

offer discounts and

breaks”