Global corporations face an estimated $2.4 trillion in debt maturities over the next 18 months. Companies refinancing obligations issued during the 2020-2021 low-rate environment are absorbing interest expense increases ranging from 250 to 400 basis points.
Capital Structure Rebalancing
To mitigate debt servicing costs, investment-grade CFOs are increasingly issuing hybrid debt instruments and leveraging asset-backed securitization. Non-investment grade firms face stricter debt-service coverage ratios, triggering selective divestitures.