V interesting read on sidelining "go to" institutions and how the market is evolving
A group of direct lenders led by HPS Investment Partners edged out Morgan Stanley to provide a $1.14 billion loan to Consolidated Precision Products Corp., helping the aerospace parts maker to refinance more than $1.5 billion of existing debt. Story by Carmen Arroyo Nieto, me, and John Sage. https://lnkd.in/egzHUtzV #privatecredit #privatedebt #leveragedfinance