Let’s be clear. Any private credit lender that gets itself in serious trouble over the collapse of Sydney home builder Bathla has no business being in business.The decision to place Bathla in voluntary administration on Tuesday wasn’t exactly a surprise, given concerns about the group’s huge debt levels, clear cashflow problems and substandard building practices that have been building for months.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bathla collapse may be Australian private credit’s cockroach moment
Private credit lenders should have seen the collapse of the Sydney home builder coming. But we’re about to find out who might be exposed.
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