alerts & publications
2021 Private Credit Overview and Middle Market Update: Pandemic Priming Shifts Debt to DefenceOctober 12, 2021
O’Melveny’s Finance team authored “2021 Private Credit Overview and Middle Market Update: Pandemic Priming Shifts Debt to Defence,” a chapter in ICLG’s Lending & Secured Finance Laws and Regulations Guide that analyzes shifts in middle market private credit in the wake of the COVID-19 pandemic, in particular, the increase in “priming” transactions.
These deals, in which the seniority of a lender in a secured loan is superseded by another lender, have evolved rapidly post-COVID. Our team discusses how these deals are being structured, steps lenders can take to protect themselves, and how borrowers and investors can think about middle market private credits as we move through 2021 and into 2022.
The chapter is available on ICLG.com.
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