Wednesday, October 28, 2022, New York, NY – Seaport Global’s, Rebwar Berzinji, was interviewed by Grant’s Interest Rate Observer concerning the rising interest rates and leveraged loans in the current credit cycle. Mr. Rebwar is Managing Director, Global Head of the Restructuring and Recapitalizations Advisory Group at Seaport.
Hiking interest rates effect on leveraged loans. Some leveraged borrowers are already running out of runway. Mr. Berzinji says, “The ability to extend and amend is going to be difficult, and I think that we’ve already seen a wave of that,” We’re looking at a couple of situations where the company has already maxed out at some amend-and-extend capacity, increased coupons and extended maturity with tightened baskets and so forth. I think that is going to be the primary reality that sinks in.”
Mr. Rebwar Berzinji is the Founder of Pericles Capital, a former boutique advisory firm. Operating at Seaport Global under the trade name Seaport Pericles, Mr. Berzinji manages a team focusing on advising clients on restructurings, recapitalizations, and related transactions in distressed or dislocated sectors. In addition, Mr. Berzinji and team works closely with Seaport Global Asset Management (SGAM), supporting family offices and institutional investors interested in investing capital in select dislocated sectors. Corporate Finance, Sales and Trading platform to develop a top-tier Restructuring and Advisory practice.”
About Seaport Global
Seaport Global Holdings LLC is a leading capital markets firm, providing robust sales, trading and research services and the resources of a full-service investment bank. Seaport Global combines its extensive knowledge, solid relationships and deep distribution platform to serve its clients’ most unique business requirements. The firm is headquartered in New York with offices across the US and Europe. Visit www.seaportglobal.com to learn more.
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