Direct lending rush
The Story of Money
Manuela Saragosa
4.4 • 400 Ratings
🗓️ 28 October 2020
⏱️ 23 minutes
🧾️ Download transcript
Summary
The pandemic docked Carnival’s cruise ships and grounded Bombardier’s planes. But when the companies were in need of cash, one went to the bond market and the other to a direct lender. Robert Smith, FT capital market correspondent and Nikou Asgari, FT corporate finance reporter, tell the story of the billion dollar private debt deals shaping who has the capital to weather the crisis.
Review Clips: CNBC, Reuters, ABC News
Read more from Nikou, Rob and the rest of the corporate finance team
Covid-linked debt rush ignites direct lending market
Asset managers in $300bn drive to build private lending funds
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Can I show this data? |
| 0:04.0 | Am I too late? |
| 0:05.0 | Find clarity in your investment decision-making. |
| 0:08.0 | Manage your portfolio for sustainable growth |
| 0:11.0 | and regulatory alignment |
| 0:12.0 | with the ultimate blend of powerful AI and |
| 0:14.6 | industry expertise. |
| 0:16.5 | Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on |
| 0:21.1 | facts, not opinions. |
| 0:23.0 | Clarity AI scaling human decisions through tech. |
| 0:26.6 | Visit clarity. |
| 0:28.0 | AI and take action today. |
| 0:30.5 | Coronavirus upheaved travel and the cruise line industry was the first to go. |
| 0:40.0 | Early on in the pandemic, cruise ships were like incubators of the virus. |
| 0:44.3 | They dropped off infected travelers at ports and then tested just how well quarantine in |
| 0:49.5 | world. |
| 0:50.5 | involving that first ship while it was under quarantine off the coast of Japan. |
| 0:54.0 | So many health authorities around the world calling it essentially a Petri dish |
| 0:58.0 | for the coronavirus. |
| 0:59.0 | They were an illustration of a world with newly closed borders. |
| 1:03.0 | Nearly a month at sea, two ill-fated Holland America cruise ships, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Manuela Saragosa, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Manuela Saragosa and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.