Bain Capital Private Credit Issues $350M Notes, Adds SOFR Swap
Bain Capital Private Credit closed $350M of 7.600% senior notes due 2031 and entered a matching SOFR swap to align liabilities with its direct lending portfolio.
private credit
Runway Growth Prices $45M Notes to Refinance 9% Senior Debt
Runway Growth Finance priced $45M of 7.75% Notes due 2031 to redeem its 9% 2027 notes and repay bank debt, extending duration at lower coupon cost.
North Haven Q3 2026 Tender: 43.8% Accepted, Final Value Pending
North Haven Private Income Fund accepted an estimated 43.8% of Q3 2026 tendered units. Read the SEC filing, prior-quarter results, and limits of the estimate.
Debt Covenants Explained: Affirmative, Negative, and Cov-Lite
Understand debt covenants: affirmative vs negative rules, financial maintenance tests, debt-to-EBITDA math, and why covenant-lite loans dominate modern credit.
Private Credit Divide: 12% of Small Loans Face Distress
Houlihan Lokey’s DataBank reveals a divide in private credit: distressed loans jumped to 12% for small borrowers while mega-cap direct lending holds firm.
Blue Owl Leads $2.4B AI Factory Financing for IREN
Blue Owl-managed funds are anchoring a $2.4B loan for IREN’s AI compute buildout — the latest private-credit push into GPU-backed data-center debt.
Private Credit’s $27B Six Weeks: Hayfin, Comvest, Bridgepoint
Three direct-lending mega-funds closed over $27 billion since July — Hayfin, Comvest and Bridgepoint. Inside the wave reshaping private credit.
Nvidia’s $500B AI Consortium: 6 Titans Rewire Compute Finance
Nvidia lines up Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise $500B+ for AI compute infrastructure — off-balance-sheet.
Palmer Luckey’s Erebor Nears $1.5B Round at $9.5B
Erebor, the tech-focused bank co-founded by Palmer Luckey, is in talks to raise $1.5B at a $9.5B valuation — more than doubling in eight months.
Fed Launches Pilot Survey of $1.3T Private Credit Market
Dallas and NY Fed will pilot the first regular data pull on private credit after Q3, with initial findings due Q1 2027. Here’s what it will track.