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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.

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This article was first published in IFLR. Read the full article.

Author

Anthony is a partner in the Banking & Finance team of Baker McKenzie and is based in London.

Author

James's practice focuses on debt capital markets, securitisation and portfolio sales/acquisitions of both distressed and non-distressed assets. He also has experience across a range of financing transactions and products, including sovereign advisory matters, cross-border restructurings, CLOs and has a rapidly expanding sustainable finance / green bonds practice.

Author

Fani is a New York qualified associate in the Firm's Corporate Finance group in London. Prior to joining the firm, she was working in a leading law firm in Athens, Greece. Fani has experience working on a wide range of corporate finance transactions, including high yield debt offerings, syndicated credit facilities and restructuring transactions.