Senior Debt

PGIM issues its largest German loan to date, sees growth opportunities

The manager says alternative debt providers are increasingly competitive against domestic lenders.

First Growth: Private credit helps bridge financing gap

Cautious senior and junior lenders are carefully selecting when to extend maturities, while sponsors are being equally careful in selecting when best to inject equity into deals, to avoid throwing good money after bad, says First Growth’s Francesca Galante.

China Life staves off Aldgate Tower loan default with equity injection

The insurer has secured an 11th-hour extension to a securitised loan after agreeing to provide equity as part of a refinancing package.

France’s election result prompts concerns around real estate recovery

The political crisis following an unexpected election will deter investors for now, say market participants.

Lenders predict higher 2024 volumes, says CBRE

Most lenders surveyed by the consultant say they will increase origination this year.

Generali adjusts senior strategy to meet demand for higher leverage

As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.

M&G raises £350m for senior and junior credit vehicles

The manager says the additional capital provides it with £1.3bn in available capital.

Asset management firm launches to help lenders recoup lost property value

Former Mark Capital executive assembles team of six at new firm Akkord to meet demand for help with problem assets.

BaFin chief identifies real estate as top risk to Germany’s financial stability

Mark Branson said lenders will be under pressure as the credit quality of real estate loans continues to decline.