Refi and repricing loans outweigh divi recaps

摘要

Repricing and refinancing leveraged loans have been thick on the ground in Europe since the summer, massively outweighing the amount of dividend recapitalisation deals. Private equity sponsors are pursuing tenor extensions and repricings over small dividend transactions. While borrowers and private equity sponsors have notched up more than 25 repricings and refinancings since the beginning of September, there have only been a handful of dividend recaps.