Excerpt: In this article, our lawyers provide an overview of the main trends in the leveraged finance market during a turbulent period, with an M&A backlog and imminent maturities indicating a recovery. They look at changes in borrowing activity, new challenges with new solutions, ESG and digital bonds and consider if a bounce-back is on the horizon.

Demanding macroeconomic and geopolitical factors have led borrowers in the leveraged finance market to pursue alternative arrangements, but our lawyers suggest there are signs of a brighter outlook in the UK. In this article, our lawyers provide a market overview and outlook, explore alternative sources of capital and examine product-specific developments and regulatory reform, and benchmark change in ESG, digital bonds, CMBS maturity wall, Secured Overnight Financing Rate and uptiering transactions.