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Lending market adjusts to Covid reality
Recently closed European renewables deals have often seen pricing honoured at pre-Covid levels, and this state of affairs may even continue with upcoming closings in the next few weeks. However, debt has irrefutably gotten more expensive for new transactions as lenders’ funding costs rise, albeit with big disparities in the severity of the spike. Many sponsors and lenders negotiating recently launched transactions are opting not to discuss pricing in detail, preferring to concentrate on general parameters until there is more market visibility
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