Borrower Advisory

U.S. acquisition capital sits near record levels while deal volume has fallen by half. The binding constraint for buyers now is structure and matching, not availability.

The rate outlook flipped and commercial bankruptcy filings are climbing. Why the debt capacity you modeled last year is shrinking, and how to bring current assumptions to the lender call.

Private equity deal value fell 14% year over year while deal count stayed flat. In a selective market, readiness, not access, decides which borrowers actually get funded.

Capex demand is rising into a working capital squeeze. Why paying cash for equipment is the expensive move, and how layering the structure preserves the liquidity growth consumes.

Manufacturing capex intentions are at multi-year highs, but conventional bank underwriting is thinning. The bottleneck has shifted from the investment decision to how it gets funded.

Memory prices doubled in 2026, pushing a $4M server refresh to $6M. How structuring the financing, not paying cash, preserves the liquidity that runs the business.

Private credit redemptions jumped 217% in a quarter. For acquirers leaning on one lender, the risk is no longer deal supply, it is certainty of close. Here is the defense.

The cheapest quoted rate is rarely the lowest cost of capital. With Q1 2026 spreads ranging 25 to 200 bp, structure, not headline spread, decides what a facility actually costs.