Behind the Money

Direct lending rush

The pandemic docked Carnival’s cruise ships and grounded Bombardier’s planes. But when the companies were in need of cash, one went to the bond market and the other to a direct lender. Robert Smith, FT capital market correspondent and Nikou Asgari, FT corporate finance reporter, tell the story of the billion dollar private debt deals shaping who has the capital to weather the crisis.  Review Clips: CNBC, Reuters, ABC News Read more from Nikou, Rob and the rest of the corporate finance team<a href="https://www.ft.com/content/c49bbe12-3cc8-4f22-a6b5-53b9ad399555" rel="noopener noreferrer" target="_blank">Covid-linked debt rush ignites direct lending market</a><a href="https://www.ft.com/content/b7e29f0d-d906-421c-9a0a-910099e6eed9" rel="noopener noreferrer" target="_blank">Asset managers in $300bn drive to build private lending funds</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.