Katie Smalley
Member
Katie Smalley is a member at Bass, Berry & Sims, where she represents public and private borrowers.

Market participants continue to repeat a consistent theme: M&A appetite remains strong, but financing conditions still create friction for those most eager to deploy capital. Sponsors and strategics alike point to the energy that has built during several years of lending contraction and conservatism – dynamics that continue in 2026 even as deal pipelines strengthen.