A means to an (divid)end

M&A might be better standing for missing and absent.

For LBO activity still remains at a depressed levels. And markets participants who hoped for a recovery from last year’s slump are surprised it’s not taken off yet.

In the meantime, sponsors are looking at a range of options such as DDTLs, refinancings, and recapitalizations. Direct lenders are willing to oblige. You can add to that dividend recaps, which are lurking as a more prominent option.