9fin’s Post

It's weeks like this I'm glad I am where I am. In a truly wild couple of weeks for one firm in the private credit industry, our journalists on both sides of the pond have been all over it. Some incredible reporting from colleagues Josie Shillito, Amaya Urgoiti Basurto, Shubham Saharan, and Sami Vukelj has kept our audience up to date the exodus of staff from Barings global private credit team and the fallout that ensued. Unfortunately there are too many stories to even share headlines without it overloading Linkedin so you're just going to have to subscribe to 9fin to take in all of it, as well as all the coverage of future news in the space. Here are some of the stories we wrote this week: Initial resignation of staff - https://lnkd.in/eerSznQb Leadership change announcement - https://lnkd.in/eiC9SNyy Potential suspension of funds - https://lnkd.in/ehJaidXd Lawsuit filed against spin-out firm - https://lnkd.in/ePhBRHa7 Investor examines holdings - https://lnkd.in/e3M2D_GJ Barings is in the market with a fresh fund - https://lnkd.in/evsdXuiW A deep dive on Barings' BDC portfolio of assets - https://lnkd.in/em7g-tM7 Parent company offers liquidity - https://lnkd.in/evvJnnEK Weekly European column with extra color - https://lnkd.in/eaqHdg8h Weekly US column with extra color - https://lnkd.in/erWvFD-m Where else would you have gotten this depth of coverage?

Wise - Up Wednesday continues... 💥 Financial Covenant: Debt-Service Coverage Ratio 💥 One of the most common financial covenants in a credit agreement is DSCR. This covenant is used by lenders to ensure the borrower's income can cover its principal and interest obligations. Essentially: "Can you cover your debt obligations based on your income?" 🙏 Special thank you to Mehak Rashid and our partners over at Legal Scale who have graciously worked with us each week on educating folks in the debt capital markets particularly focused on asset-backed lending. 👀 If you're like most borrowers who are tracking covenants in Excel/Google Sheets and wish you had a more automated way of tracking covenant compliance, book time with me or check out Finley Technologies, Inc. to learn more. 💛 Fintechs like Ramp, TripActions, Parafin and Viably leverage Finley's Capital Markets Command Center to streamline funding operations and proactively monitor their financial covenants like DSCR. #debtcapitalmarkets #abl #finley #saas #capitalmarkets #assetbasedlending #founders #fintech #fintechinnovation #debtmarket #funding #creditagreement #creditfacility

Excellent Bloomberg exposé on how even the most savvy of investors can fall into Merchant Cash Lenders. "Legendary investor, Cooperman, inadvertently funded an alleged predatory lender." It's a reminder to be constantly cautious about where your money goes. At CCS, ensuring our clients are not being taken advantage of in their lending agreements is paramount! Schedule a free, no-obligation analysis with me via Calendly. #smallbusiness #merchantcashadvance #smallbusinessdebt #investor #smallbusinessowner #smallbusinesslending #lineofcredit

Here's a high-level overview of the Debt-Service Coverage Ratio ("DSCR") that we quite often see in credit facilities. These allow lenders to keep check on their borrowers' ability to cover their debt obligations and provide insight on the financial health of the company. Borrowers should be cognizant of what exactly goes into this calculation, especially if they have multiple tiers of debt. Learn more below and feel free to reach out with any questions. Legal Scale is always here to help! #venturedebt #assetbasedlending

🌟 Experience financial freedom with Pre-Banc's Revolving Lines of Credit. Say goodbye to fixed borrowing limits and hello to the flexibility of borrowing what you need, when you need it. Empower your business with financial agility. #RevolvingLinesOfCredit #PreBanc

9fin recently featured Stephanie Walsh in an interview about actively managing a CLO portfolio in today's market environment, the evolution of the asset class as private credit becomes more prominent, and navigating potential headwinds in the loan market. She also touched on key lessons learned through our 25 years as an issuer, manager, and investor in CLOs.   Read the full conversation here: https://lnkd.in/edV7bcuv   #BainCapitalCredit #CLOs #privatecredit

The accurate assessment of a borrower’s financial health hinges on up-to-date data. 🩺 Real-time cash flow lending analysis brings a new level of precision to credit risk assessment, enabling lenders to better understand seasonality, measure non-traditional income, assess debt capacity and identify recurring transactions. Lenders, what challenges have you faced when integrating up-to-the-minute data into your financial analysis processes? https://lnkd.in/esxYQc_3 #lending #fintech

Pre-Banc's Revolving Line of Credit: the key to unlocking your business's financial agility! By borrowing against your Accounts Receivable Balance, you can access funds whenever you need them, empowering you to adapt to market demands and drive growth. 💼🔑 #FinancialAgility #BusinessGrowth #PreBanc

Contact EliteFin today for a personalized proposal! Our expertise in collaborating with various banks ensures you get the best deal. Don't miss out – seize your financial opportunities now! #EliteFin #PersonalFinance #UAEFinance #FinancialFreedom 🚀🔑

Contact EliteFin today for a personalized proposal! Our expertise in collaborating with various banks ensures you get the best deal. Don't miss out – seize your financial opportunities now! #EliteFin #PersonalFinance #UAEFinance #FinancialFreedom 🚀🔑