Debt Capital Markets Gambit Review May 2023

skyscraper view from looking up

Gambit’s Debt Capital Markets Review for May 2023 examines the latest developments in the debt markets, providing insight and analysis into the current domestic lending landscape.

Given the 350% increase in the Bank of England’s base rate since May 2022 and the increase in funding pricing spreads, the UK is now firmly a ‘lenders market’.

Financial Institutions are now dictating the terms, scrutinising covenant headroom, modelling sensitivity analysis and focusing on EBITDA ‘add-backs’.

However, whilst traditional sources of finance might be cautious in deploying capital, the private credit and alternative/specialist lending markets remain ‘open’ for well prepared borrowers.

With the UK Private Credit market sitting on £47.2bn of ‘dry-powder’ which it’s actively seeking to deploy, as well as 76.5% of UK alternative lenders expecting to increase lending in 2023 compared to 2022, high quality businesses still have sufficient opportunity to fundraise for their growth plans.

Leveraging the expertise of a knowledgeable debt adviser to support a quality proposal, with deep contacts in the lending community, is key to achieving a successful fundraise in this dynamic market.

To read the full report, click here.

Share on:

Subscribe to receive our latest sector bulletins, thought leadership articles, deal completion reports and newsletters.

Read another insight

Astutis, the UK’s leading health, safety and environmental (“HSE”) training provider, has been acquired by Wilmington plc (“Wilmington”) for a...
Gambit Corporate Finance LLP’s Software and IT Services (SITS) Q323 M&A Market Review highlights the SITS M&A market resilience in...
Given the 425% increase in the Bank of England’s base rate since May 2022 and the increase in funding pricing spreads,...

Search Gambit Corporate Finance