LevFin Insights: High-Yield Bond Statistics – 3/13/2023
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Leveraged Loan Insight & Analysis – 3/13/2023
SVB was a major player in US middle market technology lending Silicon Valley Bank, the fifth largest lender to US middle market technology issuers, collapsed last week. According to Refinitiv LPC data, between 2020 and 2022, SVB agented 35 US middle market technology loans, totaling a combined US$4.8bn in deal volume…. Subscribe to Read MoreAlready
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Private Debt Intelligence – 3/13/2023
Rising investor interest in special situations and distressed debt An increasing proportion of investors surveyed by Preqin say special situations and distressed present the best opportunities in private debt. According to Preqin’s latest Investor Outlook survey,… Subscribe to Read MoreAlready a member? Log in here...
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PDI Picks – 3/13/2023
Reflections on distress Looking back on capital accumulation in recent years, investor anticipation of distressed debt opportunities grew – sometimes without reason. With distress a major talking point again, here are a few observations from a glance at our fundraising data: Waiting for the wave: Much of the recent history of distressed debt fundraising has…
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Loan Stats at a Glance – 3/13/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
A Pause to Reflect
Many of us who lived through the financial crisis of 2008-2009 had flashbacks to that era. The collapse of Silicon Valley Bank and Signature Bank also raised concerns about the underlying health of bank balance sheets, particularly for the smaller firms. We were reminded of how customer confidence is everything for depository institutions. Banks exist…
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Chart of the Week: Curves Ahead
Last week’s bank failures steepened the Treasury curve to levels not seen since 9/11.
DL Deals: News & Analysis – 3/6/2023
Jumbo outstandings climb to $118B with Cotiviti’s new record deal Cotiviti’s $5.5 billion credit raises outstanding jumbo loan volume to $118 billion, as tracked by KBRA DLD. That figure includes incremental debt for existing jumbo issuers, defined as those with private loans of $1 billion or greater. The number of known companies with outstanding jumbo…
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