What are the negatives of private credit? Why private credit is booming? Is private credit worth it? How big is private debt market?

Private Credit’s $10 Billion Win Is Bad News for Wall Street

Some $10 billion of leveraged loans have been refinanced

Direct lenders look for more business amid light LBO volume

Oaktree's Panossian on Private Credit, Interest Rates

WATCH: Oaktree’s Armen Panossian talks about demand in the private credit market.Markets: The Close.”

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Before it’s here, it’s on the Bloomberg Terminal

Private credit is muscling in on another market traditionally dominated by banks: debt refinancing.

Companies with leveraged loans and junk bonds coming due soon are increasingly turning to private credit lenders to refinance their obligations, with around $10 billion of the loans having been replaced in recent weeks. Thoma Bravo-owned Hyland Software Inc. is turning to a group led by Golub Capital to refinance about $3.2 billion of maturing debt.