Simpson Thacher in the News
Go Back
Hadrien Servais Quoted in Bloomberg on Trends in Loan Repricings
Banking and Credit Partner, Hadrien Servais, was quoted in a Bloomberg article titled “Junk Firms Seize on Drought in Buyout Debt to Slash Loan Costs.” The piece explains why junk-rated companies are seizing on hot credit markets to secure better terms from lenders, sharply reducing the extra yield their loans offer compared to benchmark borrowing.
Commenting on the need for careful underwriting, Hadrien said, “For lenders, the key is to remain selective and disciplined. Repricings can make sense where the credit has performed well, but tighter pricing should still be assessed against the underlying fundamentals.”
To read the full article, please click here (subscription required).