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| The Europe Pitch |
| Your edge on global private capital markets in Europe, the Middle East and Africa |
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Good afternoon. Welcome back to The Europe Pitch, PitchBook's newsletter for the EMEA region.
⚠️ Europe’s leveraged finance market is slipping into a repeat-default cycle. The latest analysis from PitchBook LCD explains why issuers are returning to restructurings just months after prior fixes. As aggressive liability management exercises replace simpler extensions, the strain is landing squarely on sponsor-backed balance sheets—raising fresh questions for PE owners about capital structure durability. More below | | | | | | | |