Rising interest rates have led lenders to increase their focus on a borrower’s ability to service its debt. While tighter cash flow coverage metrics have reduced leverage levels, the leveraged finance market remains receptive to new financings.

William Blair’s Leveraged Finance team prepared the following report to summarize what we’ve been seeing and hearing in the market. 

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Key Takeaways:

  • Evolving debt markets over the past 90 days
  • How rising rates are impacting LBO leverage
  • Increased pressure on debt service coverage ratios

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