Victoria notes rise as Santé Cie loan slides – Market Comment
French home medical assistance provider Santé Cie’s loan is today marked at 73.5-mid, following a two-point drop from Friday’s 75.5-mid at close on IHS Markit

Private credit and direct lending to grow their share of the loan market—LMA report
A new LMA survey of 234 loan market professionals found that 43% believe private credit and direct lending will grow their share of the EMEA loan market by 2040

Sante Cie’s most recent financials indicate robust liquidity
French homecare firm had EUR 87m cash and EUR 150m undrawn RCF; in May, LTM reported EBITDA at EUR 162m, PF adjusted EBITDA at EUR 183m

Sante Cie hires Rothschild and Eight Advisory following disclosure of PNF probe
EUR 46m reported is amount in frozen accounts, not potential fine; company struck reassuring tone during call with lenders

Private credit vulnerable amid tightening financing conditions – Bank of England
The central bank is also keeping a close eye on AI-related companies’ increasing use of debt, including private credit

Sante Cie loan rebounds following call to reassure lenders
EUR 820m TLB offered around 80 cents; Gibson Dunn holds call with lender group

Co-head of Permira Credit says to brace for more complex, late-cycle environment
PODCAST: While the market is clearly late in the credit cycle, it is not yet obviously at the turning point, Ariadna Stefanescu, co-head of Permira Credit tells Lisa Lee on on the latest episode of Credit Exchange

The Quality Group pre-markets in quieter primary as buyside battles repricings, Sante Cie loan plunges - Europe Loan Digest
Strong technical pushes prints in new lows; CLOs struggling with arbitrage hold floor for single-Bs; Sante Cie dives in secondary on asset freeze news

Santé Cie confirms it is seeking protection under ad hoc mandate upon account freeze amid PNF investigation
Term loan plunges into 50s, company lodges appeal against EUR 45.5m asset freeze; Santé Cie strongly contests PNF’s position

Hayfin completes one of Europe’s largest private credit fundraises to date with EUR 15bn
Hayfin’s Direct Lending Fund V ranks among the largest ever direct lending fundraises completed in Europe, the company said

Coller and Cherry Bank to raise capital for private credit secondaries from Italian wealth market
Coller Capital has announced a distribution partnership with Cherry Bank to better sell its private credit secondaries investment product to affluent individuals in Italy

Vue loans jump, Getty Images loan falls after Shutterstock merger termination announcement – Market Comment
Vue International’s reinstated facilities have shown significant swings in the past two days, with its EUR 127.38m 1.5-lien term loan indicated at 120-mid today, following yesterday’s jump of over 16 points from 103.92-mid at the start of the week

AI outlook one of several key macro calls for investors – BlackRock midyear forecast
‘Scarcity versus abundance’ forms the key theme for the BlackRock Investment Institute midyear global outlook, which was published on Tuesday following the institute’s two-day forum earlier in June

Apollo records USD 13bn in private credit trading volume
In the 18 months since launching a dedicated trading desk focused on Apollo-originated private credit, the firm has worked with more than 100 unique counter parties, according to a new report

Bain Capital's head of European credit says he’s still a strong believer in services
PODCAST: Speaking with Lisa Lee on the latest episode of Credit Exchange, Gauthier Reymondier says he is still a “strong believer” in the European services sector

Canadian giant BCI launches IG private credit strategy with CAD 1.8bn
British Columbia Investment Management Corp., an institutional investor with more than CAD 300bn, seeded the new strategy and is creating a dedicated team

Hormuz disruption builds case for energy infrastructure investment, lenders and private capital maintain support
Hormuz disruption exposes fragility, drives urgent calls for energy infrastructure investment; banks and investors remain committed to financing energy and supply chain resilience

Global banks call for pension reforms to strengthen Europe’s financial sovereignty

Canyon’s CIO says more distressed opportunities await
PODCAST: A looming maturity wall and problems in the software space point toward a return to more traditional distressed opportunities, says Jeff Kivitz, chief investment officer at Canyon Partners, on the latest episode of Credit Exchange with Lisa Lee

Balbec Capital buys UK bridging lender

Private markets fundraising challenges to persist despite easing geopolitical concerns
LPs plan to maintain or increase deployments but more selectively; sanguine views on geopolitics suggest tailwind for China rebound

Bank of England outlines details of latest private market stress test
The central bank is exploring how private markets would respond during a severe global downturn

Orrick adds four more partners to growing structured finance team
Orrick has grown its structured finance team further with the addition of four new partners to meet “unprecedented” demand for ABS expertise

Kem One releases cleansing materials detailing restructuring proposal
Proposal involves 2028 SSNs being extinguished; restructuring close targeted for 2H26

HSBC AM raises USD 1bn for new NAV financing strategy
The strategy invests in senior secured loans financing European and Asian-based private equity funds’ portfolio growth