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Shearman & Sterling Finance partner Thomas Mastoras spoke with Mergermarket on how lining up deal financing in the first half of 2023 will require flexibility across products and an increased willingness to negotiate with capital providers on financing terms.
“That may mean lower opco leverage, a mix of loans and bonds if market depth remains a concern, increased use of preferred equity and holdco financings, and other back-leverage transactions,” Mastoras told Mergermarket. “Investors will need to look to all available levers to get across the finish line.”
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First Appeared in Mergermarket.
