Market Chatter: Barclays Advises Borrowers to 'Prepare for War' in Software Refinancing

MT Newswires Live06-04

Barclays (BCS) is advising borrowers to "prepare for war, but hope for peace" due to an upcoming maturity wall for software companies, Bloomberg reported Wednesday, citing Na Wei, global head of leveraged finance of the bank.

Panelists at the Bloomberg Global Credit Forum, including Wei, said direct lenders are being more selective this year, with Wei saying private credit is "bidding to lose" in some cases, according to the report.

Concerns about private credit firms' exposure to the software sector and the potential negative impact of artificial intelligence developments have brought the market's first major stress test in 2026, Bloomberg said.

Barclays did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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