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I'll believe it when it happens. Banks/creditors don't want to operate these assets (no expertise there) and since the businesses are fundamentally sound for th

I'll believe it when it happens. Banks/creditors don't want to operate these assets (no expertise there) and since the businesses are fundamentally sound for the most part there is no reason to force them into bankruptcy. "Extend and amend" (sometimes "extend and pretend") is what they called it after 2008. If they had unlevered yields below the corporate debt yield they would have negative leverage and debt would reduce returns.

cs702 3y ago
Here you go. I just saw this on the front page of today's Financial Times: "Private equity: higher rates start to pummel dealmakers" https://www.ft.com/content/8b4a5df6-7f6d-480f-8d20-55793854c37e https://www.ft.com/content/8b4a5df6-7f6d-480f-8d20-55793854c...