Assisting in recovery post COVID-19.
As the economic impacts of the pandemic continue to be felt
both within Australia and abroad, it'll be 'all hands on
deck' to service the massive rise in debt levels that early
signs indicate is coming and private capital raising is lending a
hand.
Experts are predicting an increase of activity in the area of
private lending and capital raising. This is because while
government measures have provided a base level of economic
stability, many businesses are expected to experience crippling
levels of financial distress and an inability to service loan
facilities.
Ernst and Young (EY) Partner and Joint National Head of Capital
& Debt Advisory Sebastian Paphitis, commented late last month
that this was evident from the banking sector "with our major
banks already flagging $220bn in loan deferrals and increases in
loan loss levels. As a result, we have seen the major banks already
take action to protect their positions via
