Accessing Capital Markets

Three major issues that should be on the mind of decision makers’ as they prepare for next year are: Regulatory scrutiny, counterparty risks and new launch landscapes.

It is common for highly levered sponsor-backed companies with liquidity needs and/or upcoming maturities to engage in liability management exercises, which often includes creating a new priming tranche of secured debt (an “Uptier”) or transferring assets out of the secured collateral package (a “Drop Down”).

The convertible debt new issue market in 2023 has been frequented by companies seeking a lower cash interest alternative to what is being offered in the high yield and investment grade debt markets. 

Amid an uptick in new-issue activity, Jefferies has been the most active investment bank in underwriting new LBOs. We are an arranger on 6 of the 7 LBOs expected to come in September / October, and are Left Lead on 3 of these transactions.

Specialty finance companies experienced positive momentum during the second quarter and summer of 2023. Sustained demand for credit from both consumers and alternative funding, along with some encouraging macroeconomic trends, drove continued growth.

Cully Davis discusses the evolving dealmaking landscape, companies’ measured re-entry into the market, and the transformative potential of new innovations in artificial intelligence.

At Jefferies’ Private Internet Conference, growth equity leader Sonya Brown discusses evolving consumer trends, technology’s impact on e-commerce, and new opportunities in the post-COVID economy.

Jason Greenberg, Co-Head of Global Technology, Media, and Telecom Investment Banking, shares insight into the current investment landscape and the challenges associated with dealmaking.

Jefferies’ Private Capital Advisory team discusses tailwinds that will nudge more LPs and GPs to use secondary transactions as a tool for preserving liquidity and offering access to upside.