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ARTICLE · 06 JULY 2020

Private lending—The current state of play 2020

Worrells
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Experts predict an increase of activity in the area of private lending and capital raising for distressed companies.

AustraliaFinance and Banking
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Assisting in recovery post COVID-19.

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 raising additional capital and reducing dividend payments."

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