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Excerpt from Practical Guidance

Expert Analysis

Trends In Leveraged Finance

By Stephen Kessing and Randall Limberg, Cravath Swaine & Moore LLP (April 28, 2017, 2:04 PM EDT) -- The leveraged finance market in 2016 continued to be influenced by trends of the last several years. Coming out of 2015, most analysts predicted that the principal issues borrowers and lenders would face in 2016 would be further evolution of the leveraged lending guidelines initially published in 2013, the prospect of rising interest rates, and the outcome of the U.S. presidential election. Now, looking back from 2017, it is clear that these issues significantly influenced much of the activity in the leveraged finance market over the past year....

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