Private Credit to See Deal Frenzy to Start 2020, Proskauer Says

Jan. 23, 2020, 4:36 PM

U.S. private credit activity is likely to see a strong start to the year as transaction sizes balloon and borrowers look to take advantage of low rates ahead of the presidential election, according to the law firm Proskauer.

Companies hitting revenue and earnings targets along with debt-funded acquisitions by private equity firms will also help boost activity in the $800 billion asset class.

“What clients are hearing is that they expect a busy first half of the year, and deeper into the election cycle there will be a big chill across the market,” Stephen Boyko, co-head of Proskauer’s ...

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