article thumbnail

How Private Credit Funds are Making Debt Look a Lot Like Equity

Reynolds Holding

The attractive returns on debt (12 percent, senior secured, or 20 percent for opportunistic and distressed debt), due to higher interest rates, have also helped the industry grow rapidly in Asia-Pacific and the Middle East. billion financing for Finastra and €4.5 billion financing for Adevinta ASA.

Equity 64
article thumbnail

DEBRA, next big tax reform in Europe?

Simply Treasury

For reporting purposes, the Commission will have to present a report to the European Parliament and the Council of the EU on the implementation of the DEBRA Directive by 31 December 2027, which will be published on its website. This disincentive is intended to reduce the attractiveness of debt financing, regardless of its origin.

Equity 52
article thumbnail

Cooley’s 2023 Cross-Border M&A Year in Review: Navigating Choppy Waters into a More Buoyant 2024

Cooley M&A

The higher interest rates escalated borrowing expenses, making mega-deals (deals valued at $5 billion or more) significantly more expensive, due to their heavy reliance on debt financing, and impacted valuation multiples with higher discount rates.