Key facts
- Barclays' Wei warned of a difficult software debt refinancing market.
- The warning was issued at the Bloomberg Global Credit Forum in New York.
- Wei advised market participants to 'prepare for war' in this context.
Speaking at the Bloomberg Global Credit Forum in New York on Wednesday, Barclays' Wei issued a stark warning regarding the software debt market. Wei advised industry participants to 'prepare for war' in the context of refinancing software debt, indicating a potentially turbulent and challenging period ahead for companies seeking to roll over their existing debt obligations. The comments underscore ongoing concerns about the health and stability of the software debt market, which has experienced significant tremors.