DL Deals: News & Analysis – 4/25/2022

Direct lenders usher in new records for jumbos, recurring rev deals


Competition between liquid and illiquid debt financing is heating up amid broader economic uncertainty generated by rising inflation, interest rate hikes and the war in Ukraine.

Software company Kaseya surfaced this month with a $3.7 billion jumbo unitranche loan to kick Galway Insurance’s $3.4 billion credit to second place.