PDI Picks – 7/25/2022

Pushing aside senior debt


When is senior debt really senior debt? A new report into so-called ‘priming’ brings this into question.

Last year saw senior debt shoot up in popularity, accounting for a record 45 percent of total private debt fundraising (see chart). But is senior debt really senior? It may sound like an odd question, but it’s one that’s being asked more often as a result of so-called “priming” in the European leveraged finance market.