Patrick Schoennagel, Managing Director and Co-Head of Capital Solutions, Europe, is quoted in Bloomberg discussing the evolving dynamics in the private credit market and why European financing terms are becoming increasingly competitive compared with the U.S.
The article also references data from the firm’s Private Credit DataBank, which shows that while European first lien private credit loans priced approximately 22 basis points wider than U.S. loans on average over the past three years, this relationship has recently reversed, with European loans pricing approximately 4 basis points tighter in the latest quarter.
You can read the article here.