Bloomberg Quotes Ranesh Ramanathan on the Growing Role of Private Credit for Public Companies
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Akin capital solutions team co-leader Ranesh Ramanathan is quoted by Bloomberg in an article titled, “Private Credit Firms Eye Public Companies as Their Next Target.” The article examines private credit firms moving to target large public companies that want to diversify their funding mix as publicly traded companies have become more comfortable taking private debt.
Bloomberg notes the firm’s recent report on the expanding universe for Capital Solutions, highlighting a wall of public company debt coming due that will need to be refinanced, mentioning that more than $800 billion in North America and Europe is set to mature by 2027.
Ranesh tells Bloomberg that, “CFOs are becoming more comfortable with private credit, and CFOs and CEOs are increasingly looking to fund their capex in more creative ways using private capital.”
