Perspectives
from the desk

Rates and the Regional Borrower: Planning Beyond the Cycle

As the rate environment stabilizes, owner-operators have a window to restructure short-term debt into durable, covenant-light facilities. We outline a practical framework.

The clearest opportunities in credit rarely arrive when sentiment is loudest. We walk through how owner-operators can use a calmer rate backdrop to refinance toward durable, covenant-light structures — and the questions to ask before locking in term.