Private Credit

Asset-Based Lending: US vs Europe Structures Explained Asset-based lending is secured financing tied to the recoverable value of specific assets […]

Asset-Based Lending in Europe: Mechanics, Risks, Tips Asset-based lending is a working capital facility secured primarily on receivables, inventory, and

Asset-Based Lending: Structure, Collateral, and Deals Asset-based lending, or ABL, is a secured loan where borrowing capacity depends on the

Covenant-Lite Loans: Protections and Playbook Covenant-lite loans are senior facilities that eliminate regular financial maintenance tests and instead rely on

Covenant-Lite Loans: Terms, Risks, and Lender Playbook Covenant-lite loans are term loans that rely on incurrence tests instead of ongoing

Covenant-Lite in European Private Credit: Terms and Risks Covenant-lite loans remove ongoing quarterly maintenance tests and rely on incurrence covenants

Covenant-Lite Loans: Risks, Protections, and Best Practices A covenant-lite loan is a credit facility without ongoing financial maintenance tests. Instead

ESG-Linked Loan Ratchets: KPIs, Pricing, and Best Practices An ESG-linked loan is a standard credit facility whose margin moves based

ESG Margin Ratchets: Design, Pricing, Execution An ESG margin ratchet is a clause that moves a loan’s margin up or

ESG Margin Ratchets: How They Work and Why They Matter An ESG margin ratchet is a loan pricing feature that