Reported 1 day ago
In response to volatility in global markets and uncertainty surrounding President Trump's economic policies, Wall Street banks such as JPMorgan and Morgan Stanley are making more investor-friendly changes to leveraged loan offerings. Borrowers are having to increase discounts due to a decrease in secondary market prices, and some banks have altered loan terms to attract buyers. The adjustments include changes to covenants and protections for creditors, amid concerns over debt refinancing and the overall health of the lending market.
Source: YAHOO