Credit Edge: H.I.G. Sees Most Loan Distress in Years (Podcast)
Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. “There’s a level of discount in these stressed credits that...
By Inigo Imaz Blanco · Bloomberg
Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. “There’s a level of discount in these stressed credits that we haven’t seen for a number of years,” Jackson Craig, who co-heads the credit-focused arm of H.I.G. Capital, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tim Riminton in this episode of the Credit Edge podcast. “The dislocations that are occurring and the discounts that original lenders are willin