Debtwire Private Credit Forum New York 2026

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Structural Constraints on LMEs in Private Credit

Although borrowers are increasingly exploring liability management options, the private credit market is structurally less suited to aggressive LME tactics than the BSL market. The nature of private credit lender groups makes it difficult to execute strategies that rely on splitting creditors or achieving controlling thresholds. As a result, these approaches are more often used as negotiating leverage, while lenders remain alert to potential risks and address documentation proactively during amendment discussions.

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Lauren Krueger Managing Director KKR Bio
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