Stephen Boyko
Partner and co-founder of Proskauer's Private Credit Group, advising private debt, BDCs and credit strategies with deep experience in finance and restructuring.
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Mar 23, 2026 • 1h 2min
Credit Crunch: Proskauer’s Boyko on Outcomes in Private Credit
Stephen Boyko, partner and co-founder of Proskauer’s Private Credit Group, brings decades of finance and restructuring experience. He talks about how private credit docs evolved toward borrower flexibility. He covers covenant trends, lender protections against LME risks, EBITDA add‑backs and why defaults differ by industry and deal size. He also outlines monitoring, amendment patterns and the market outlook.
