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Patrick Ryan Quoted in The American Lawyer on Impact of Leveraged Finance Market on Deal Activity
10.03.23
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Patrick Ryan, Head of the Firm’s Global Banking and Credit Practice, was quoted in an American Lawyer article titled, “Deal Watch: A Light Week in Deals. Are Bonds to Blame?” In the article, which discussed some of the potential hurdles facing the deal market, Patrick observed that activity in the leveraged finance market is slower than previous years, in part due to higher bond yields and interest rates as well as overall market volatility. “The decline in market activity may be more of a function of the cost of credit rather than the supply of credit, as deals have been getting financed but the cost may be impacting the willingness of buyers to seek financing in order to pay more for assets,” he explained.
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