For over two decades, private debt funds and banks have turned to Derek Ladgenski to advise on their most complicated and challenging debt financing deals. Derek helps his clients close complex financings quickly and efficiently, without surprises or delays, and builds their relationships and market presence along the way. Derek counsels lead arrangers, administrative agents and lenders on cash-flow acquisition and recapitalization financings, "take private" transactions and debt financings. Thanks to his vast experience and deep roots in the financing community, Derek helps his clients understand current market conditions, avoid getting bogged down in legal minutiae and get their deals done. His high volume of transactional work — from multibillion-dollar syndicated loans to smaller bilateral deals — allows him to advise clients on current market conditions, the effects of decisions through different credit cycles and positioning for future success.
Leverage is getting "tucked in," required equity contributions are increasing "pretty substantially," pricing has ticked up and there is general tightening in legal terms. Everyone is tucking in a little bit, but in terms of wholesale recalibration on truly competitive deals, a good deal is still a good deal, and lenders are going to make educated, sophisticated decisions.2 May 2021