February 12, 2021
Private Debt Seen Succumbing to Junk Frenzy as Yields Evaporate By Kelsey Butler – Bloomberg PennantPark Founder and Managing Partner Art Penn spoke with Kelsey Butler of Bloomberg for her piece on how borrower-friendly terms in the junk-bond and leveraged loan markets are impacting the upper middle market for private debt. The core middle market, where we are focused, has not seen that type of pressure. “We want to focus on an area where we...
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