Credit: VectorMine/Adobe Stock Deal Watch: Cravath, Dechert, Simpson and Schulte Guide Financial Firm Merger Amid Another Slow M&A Week
While Big Law steered a few big announced mergers in the last week, mega deals continued to trickle. A slowdown in leverage finance deals was partly behind last year's drop in M&A. And it may continue this year.
February 07, 2023 at 04:02 PM
5 minute read
Deals
The original version of this story was published on The American Lawyer
A steep slowdown in leverage finance deals last year was partly behind last year's drop in mergers and acquisitions, with a rise in both interest rates and credit spreads making it unappealing for many issuers to tap loan markets to finance mergers and buyouts.
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