Vincent Indelicato

2 months ago | jdsupra.com | Charles Dale |David Hillman |Vincent Indelicato

In many ways, 2024 continued existing trends in private credit: modest levels of M&A activity, competition among direct lenders to deploy capital, higher-for-longer interest rates, persistent inflation, elevated default rates, and restructurings frequently resolved out-of-court.

Mar 14, 2024 | jdsupra.com | Charles Dale |David Hillman |Vincent Indelicato

There is a growing trend of bankruptcy courts approving structured dismissals of chapter 11 cases following a successful sale of a debtor’s assets under section 363 of the Bankruptcy Code.

Feb 28, 2024 | mondaq.com | Paul Musser |Charles Dale |David Hillman |Vincent Indelicato

Retaining key management at a distressed company in the midst of an out-of-court restructuring can be necessary for the success of the restructuring. To realign incentives, private credit lenders need to consider reloading and restructuring equity awards, retention bonuses and change in control payments to maximize the possibility of recouping their investment and promoting future profitability.

Feb 21, 2024 | jdsupra.com | Charles Dale |David Hillman |Vincent Indelicato

Retaining key management at a distressed company in the midst of an out-of-court restructuring can be necessary for the success of the restructuring. To realign incentives, private credit lenders need to consider reloading and restructuring equity awards, retention bonuses and change in control payments to maximize the possibility of recouping their investment and promoting future profitability.

Jan 29, 2024 | mondaq.com | Peter Antoszyk |Charles Dale |David Hillman |Vincent Indelicato

While global inflation and higher-for-longer interest rates dominated macroeconomic headlines over the last year, middle-market private credit restructurings witnessed three notable trends. First, these credits remained surprisingly resilient, evidenced by a default rate that, though higher than prior periods, remained below 2% for most of the year.