All indicators point to continuing growth in deal flow through 2024, a welcome occurrence after years of uncertainty and lower-than-normal workloads. Last week saw one of the largest deals of the year, guided by a bevy of Big Law firms, with a strong showing in deal count of over $1 billion (eight) and debt offerings over $500 million (15).
Alongside this robust deal flow, many private equity firms are maximizing their returns in a still-high interest rate environment. By leveraging liability management exercises, they pit below-investment-grade bond and loan providers against each other to secure the best possible terms when restructuring company debt. The legality of some of these structures has been questioned, leading to litigation that may intensify. More details can be found here.
For a more comprehensive look into the trends and specifics around recent deals and the growing area of liability management, please refer to the original article here.