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

Reynolds Holding

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. First, there is more corporate debt now than ever. Third, debt currently offers very attractive nominal returns because of higher interest rates. billion financing for Finastra and €4.5

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

Deal financing became more difficult and expensive, placing more emphasis on alternative funding and value creation. Dealmakers leaned into the fact that smaller deals are generally cheaper, as they require less financing and are subject to fewer regulatory hurdles, in each case, if any. trillion – representing a 10-year low.