KKR Undercuts Wall Street With $1 Billion Loan

The video discusses the convergence of private equity firms into the leveraged finance market, highlighting the $1.2 trillion leveraged loan market. It examines how firms like KKR offer better loan terms, even after breakup fees, due to high interest rates. Barclays benefits from breakup fees without syndicating loans. The shift from bonds to unitranche loans is explored, noting cost savings and reduced disclosure. Other private equity firms like Apollo and Carlyle are also entering the credit markets, aiming to lend to others.

What role do breakup fees play in the financing decisions of companies?

Which other firms, besides KKR, are mentioned as active players in the private equity space?