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ARTICLE · 25 MARCH 2020

Coronavirus: Private Credit Lenders

Proskauer Rose LLP
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The unexpected emergence of the COVID-19 virus presents a wide range of new challenges and opportunities. The initial reaction of the syndicated market has been to pull back.

United StatesFinance and Banking
Peter J. Antoszyk
Peter J. Antoszyk
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The unexpected emergence of the COVID-19 virus presents a wide range of new challenges and opportunities. The initial reaction of the syndicated market has been to pull back. In these times, private credit lenders act as ready sources of capital and liquidity in creative structures. At the same time, prudent private credit lenders are stress testing their existing portfolio.  As private credit lenders consider the opportunities and risks that COVID-19 presents on new and existing portfolio financings, we wanted to highlight a few unique considerations.

Leveraged Acquisition Financings: The current COVID-19 environment could present opportunities for private credit lenders to step in while the syndicated market has stepped back.  However, COVID-19 might impact the documentation of leveraged buy-out transactions in a number of ways. For example:

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