Reporting indicates that roughly $300 billion in risky loans to private-equity-backed companies will mature in 2028 and 2029. Software companies account for about one third, potentially combining expensive refinancing with business uncertainty from AI competition. A substantial share of the loans has low credit ratings, making cash generation and lending terms important alongside interest rates. The figure represents debt coming due, not confirmed losses or an estimate of inevitable defaults.
Back to Tech
Private-equity-backed companies face a concentrated 2028–2029 debt maturity wall
Roughly $300 billion in refinancing needs overlaps with AI-related uncertainty in software.