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Clifford Chance PE chief: ‘Lenders are back at the table’

Jonny Myers said that in the current market, 'valuations need to resettle on what a new normal is'

By

Sebastian McCarthy

Credit funds are toughening up their approach to the terms they're offering now that they’re more established in the market, according to Jonny Myers, global head of private equity at Clifford Chance
Credit funds are toughening up their approach to the terms they're offering now that they’re more established in the market, according to Jonny Myers, global head of private equity at Clifford Chance

Private credit firms are driving a hard bargain amid rising interest rates and a global economic slowdown.

Buyout bosses looking to ink leveraged buyouts and refinance portfolio companies are finding that some of the terms being offered by private lenders are becoming tougher.

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