Debt and M&A Markets Amid COVID-19
Meridian Capital recently surveyed multiple debt providers at all levels (commercial banks, non-bank direct lenders, private debt investors) to understand the effects of the COVID-19 pandemic on lending appetite and availability.
- Non-bank lenders positioned to see increased opportunities as risk tolerance decreases for commercial banks
- Tightening lending standards and increasing cost of debt across the board
- Pipeline of acquisition financing opportunities drying up as M&A processes are put on hold or postponed
- Lenders remain committed to current clients