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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Reorg Credit Intelligence - 8/16/2021
After June Refinancing Transactions Reduce Secured Leverage, Carrols Restores Significant Secured Debt Capacity Under Its Credit Agreement, Declares Special Cash…
Interest grows in venture debt
It’s still a relatively unknown corner of the private debt universe, but venture lending is attracting more support. Venture debt…
Loan Stats at a Glance - 8/16/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
A recovery in private debt performance
Download PitchBook’s Report here. As an asset class, private debt experienced its worst performance in a decade in Q1 2020. According…
For Lenders: What vehicles do you utilize most for your lending activities?
Tranche Launch
An armada of large unitranche financings have sailed into the direct lending market this year.
Unitranche Revisited: A New Series
In October 2015 we published a white paper: “The Unitranche – What it is, and Why it Matters.” In it…
Private Debt Intelligence - 8/9/2021
Europe outraises North America in Q2 [wpdm_package id=’47539′] Globally, both the number of private debt funds in market and the…
Percentage of First Lien Loans with Affected Lender Voting Protection
(Past performance is no guarantee of future results.) Contact: Steven Miller
Loan secondary prices stumble as attention turns to the primary markets
Source: Debtwire Par, Markit The seemingly unrelenting secondary market rally hit a wall in July, with average bids in the…
Reorg Credit Intelligence - 8/9/2021
SVXR Seeks to Sell Assets With Bruker Nano as $11.9M Stalking Horse; Noteholders Do Not Consent to Proposed $2M DIP…
The new era of the supersized loan
A recent financing underlines the ever-larger amounts of capital that the biggest private debt managers are now able to deploy.…
Loan Stats at a Glance - 8/9/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com









“$2 Billion is the New $1 Billion”: Unitranche Revisited (Second of a Series)
According to Refinitiv LPC, US unitranche volume came to almost $22 billion last quarter – the highest level they’ve tracked…