The State Of The U.S. Loan Market 1Q21

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The first quarter of 2021 was a frenzy of activity in the loan market. Continued lender appetite and a tidal wave of refinancings resulted in continued covenant erosion. Lenders did have some success in pushing for anti-Serta provisions and Chewy blockers, but overall covenants took a beating. Q1 2021 hedge fund letters, conferences and more […]

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