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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
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DEBRA, next big tax reform in Europe?

Simply Treasury

DEBRA Proposal (« Debt-Equity Bias Reduction Allowance). In early May, the European Commission unveiled its proposal for a "DEBRA" (Debt-equity bias reduction allowance) Directive, aimed at encouraging companies to finance their investments with equity and capital contributions, instead of resorting to loans (bank or other).

Equity 52
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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.