Changing debt market puts deal-making power primarily in investors’ hands

Changing debt market puts deal-making power primarily in investors’ hands

Adepressed debt market has changed the borrowing landscape substantially, giving investors, rather than operators or bankers, bigger shares of lending clout.

At a time when lackluster sales and blockbuster costs are forcing many cash-strapped restaurant companies to restructure their corporate debt because of possible loan violations, the shift in power means less flexibility and more expensive capital.

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TAGS: Finance
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