Global corporations face a concentrated wall of debt maturities over the next 24 months, forcing treasurers to refinance low-yield debt at significantly higher prevailing interest rates. The shift is expected to compress interest coverage ratios across highly leveraged sectors.
Margin Pressure and Restructuring
Companies in consumer goods and telecommunications are adjusting debt-to-EBITDA targets to mitigate rising interest expenses. Capital allocation is increasingly prioritizing debt reduction over share repurchases and non-essential capital projects.