Subline demand vastly outstrips credit availability, according to a Wall Street Journal article this week titled “Bank Pullback Leaves Buyout Firms Starving for Bridge Loans.” The article highlights lenders that have retreated from the market. It’s also the first time we can recall seeing subscription facility margins explicitly quoted in a mainstream news article. Facility margins of around 300 bps affects the way funds use credit facilities, according to the article.