Private Credit Restructurings: Opportunities and Pitfalls When Direct Lenders and Sponsors Address Portfolio Company Distress
Register for the webinar here. Join Reorg and Proskauer on Monday, Jan. 22, at 12 p.m. ET for a discussion on the latest trends in private credit restructurings. According to Proskauer’s Private Credit Default Index, the default rate for private credit issuers declined to 1.41% in the third quarter of 2023. However, according to a number of market participants, the private credit default rate will likely trend higher in 2024. Defaults in 2023, according to Proskauer, differed based on company size. For businesses generating more than $25 million of EBITDA, default rates picked up sequentially, but for those businesses generating...
Read More