A group of banks led by Deutsche Bank AG has been unable to sell about $1.2 billion of loans backing the acquisition of a ...
Typically, private credit firms go up against banks to pitch companies on a debt package and one winner emerges. But with competition fierce, direct lenders have created a new tactic to snag deals.
Pagaya Technologies (PGY) said Monday that alternative credit manager Sound Point Capital will buy up to $720M of point-of-sale loans from its platform, amid strong institutional demand for its POS ...
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