Direct Lenders Look for Protections Against Losing Deals: Q&A

Direct lenders are increasingly concerned about losing buyout financings that they’ve committed to provide, as capital markets open up again, says Jason Kyrwood, partner and finance co-head at Davis Polk & Wardwell LLP.

Davis Polk advises on U.S. syndicated deals and represents a broad range of direct lenders. Kyrwood spoke to Bloomberg’s Jill Shah and Jeannine Amodeo on April 17. Comments have been edited and condensed.

What changes are you seeing in high-yield debt underwriting?

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