Over the last few years we have seen more entrants in to the senior debt corporate lending market.
Private Debt lenders have emerged, evolved and now feature frequently when transactions are being closed. Offering an alternative to the prime senior debt lenders Private Debt and Direct Lending platforms can deploy lending across the capital stack and can take a creative approach when modelling their income return.
Differentiators include no amortisation, covenant light term sheets, loan structures to match asset management or acquisition profiles and the ability to close transactions quickly.
Stuart Donald is our Director of Corporate Finance here at Conduit and he has created a useful guide to alternative lenders.