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Reuters: Alternative Lenders Step Into Revolving Credits as 2018 Maturity Wall Looms

June 27, 2016, 08:00 AM
Filed Under: Industry News

Reuters exclusively reported that alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since updated leveraged lending guidance was implemented in 2013.

According to the Reuters report, regulatory guidelines aimed at curbing banks’ risky lending, a rising interest rate environment and the possibility the economy could dip into recession, as well as a fresh dose of uncertainty following Britain’s vote to leave the EU, suggest some junk-rated U.S. borrowers could have a hard time renegotiating $122 billion of debt tied to revolving credit facilities from banks that mature in 2017 and 2018.

Read the full Reuters exclusive report: Alternative Lenders Step Into Revolving Credits as 2018

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