Bombardier had always relied on its banks to raise significant funds, but when the Canadian aircraft manufacturer needed a $ 1 billion loan at the height of the coronavirus crisis, it turned elsewhere: to a private investment company. Medium-sized companies have been indebted for years to so-called direct lenders, who are often part of large…

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Getting a loan is a popular choice these days, anyone can take out a loan at any time. A person can choose to apply for a loan when they need financing for their business or need additional money to fund emergency expenses. But sometimes, getting a loan seems to be difficult, especially for small businesses.…

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Go Direct Lenders, based in California, has been under a consent order for making false, misleading and inaccurate statements in correspondence to the military and veterans. The order, issued by the Consumer Financial Protection Bureau, includes a civil fine of $ 150,000. Go Direct Lenders is licensed as a mortgage broker or lender in approximately…

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By David Brooke and Andrew Hedlund NEW YORK, July 28 (LPC) – Direct lenders in the United States are changing fund fee structures to compete with limited investor dollars in a lackluster but competitive fundraising environment for private debt. Investors take a step back from illiquid opportunities as businesses around the world grapple with the…

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By Prudence Ho, David Brooke, LPC LONDON, July 2 (LPC) – Direct lenders are using their firepower to provide finance to European businesses, taking advantage of the market nervousness caused by Covid-19 in the leveraged finance market. Despite the gradual reopening of the loan and high yield securities markets, with the launch of a few…

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As the market rallies, a number of lingering concerns – which until the start of the COVID-19 outbreak and subsequent lockdowns had boomed in the context of the direct lending market – have come to light for managers. fund and institutional investors: the strength of restrictive covenants and the degree of leverage of a portfolio…

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Leaders also increased the level of discussion with management teams and sponsors, and “proactively engaged with other stakeholders to find collaborative solutions for the businesses most affected,” she said. declared. The portfolios are primarily exposed to the healthcare, information technology and software sectors, “which means more options for companies that have been affected by COVID-19,”…

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LONDON, May 22 (LPC) – A number of European direct lenders are opportunistically raising billions of high yield funds to deploy to cash-hungry borrowers, taking advantage of volatility caused by Covid-19. Pemberton, Hayfin and Arcmont Asset Management are among the direct lenders who raise funds in opportunistic funds that will be deployed across a wide…

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LONDON, April 24 (LPC) – Banks that took out large European leveraged loans before market close last month rejected offers from direct lenders to buy part of the funding and mitigate risk bank, preferring to keep paper because private money is too expensive. A number of banks hold a dozen buyout financings totaling more than…

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LONDON, April 17 (LPC) – Direct lenders plan to charge higher interest rates and fees to holding companies seeking emergency loans as part of the government’s Covid-19 bailout. The UK government has broadened its bailout package allowing companies with revenues over £ 45million to borrow up to £ 50million in state-guaranteed loans, with final details…

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