At the end of December, Bloomberg reported that almost $17 billion in software-related distressed debt was trading significantly below 100 cents on the dollar. This suggests that 2024 could be the year to sell overly leveraged software stocks. The report suggested that software companies in this predicament might turn to private credit to get themselves out of a jam. Tim Donahue, global head of Lazard Capital Solutions, stated: “The market should see more private credit financing where there is real enterpr ...