High yield's in-house challenges revealed.

• Autores: Tom Young
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article focuses on challenges faced by in-house working within European high yield following the asset class's continued growth in Europe. Topics discussed include a growing resistance from some corporate issuers in following the high yield process, the potential for conflict of interest from outside counsel when private equity sponsors were involved on deals, and an increasing competition from covenant-lite lending as an alternative source of financing.