LevFin Insights: High-Yield Bond Statistics – 3/21/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
TheLeadLeft
The Market Now (Last of a Series)
While the war in Ukraine grinds along amid depressing headlines, investors of all stripes are settling into the view that economic effects of the war will be more local than widespread (see our Quote of the Week). Public equities in particular have recovered their value since Russia’s invasion of February 24, having priced in, for…
Already a member? Log in here
Chart of the Week: Cliff Notes
Secondary broadly syndicated loan prices have plunged during the Russia/Ukraine war.
Leveraged Loan Insight & Analysis – 3/21/2022
BDC technology lending has grown rapidly Strong portfolio company performance has underpinned the positive environment for BDCs in recent quarters, with Ebitda and revenues moving significantly higher over the last two years. At the sector level, technology has outperformed. Against that backdrop, BDC managers shifted their allocations toward technology credits…. Subscribe to Read MoreAlready a
Already a member? Log in here
Debtwire Middle-Market – 3/21/2022
Sectors with exposure to oil & gas see prices fall in secondary market Source: Debtwire Par, Markit Since the Russian invasion of Ukraine started on 24 February, average bids on term loans have slumped more than 2 points, as high fuel costs paired with record inflation eat into the post-pandemic economic recovery. After reaching a…
Already a member? Log in here
PDI Picks – 3/21/2022
Germany defies the doubters Once seen as a private debt laggard, Germany is now at the forefront of the asset class’s deal boom. While the onset of the covid-19 pandemic saw private debt deal-doing take a rollercoaster ride through some of its lowest and highest points yet, Germany has consistently gained ground on its major…
Already a member? Log in here
Private Debt Intelligence – 3/21/2022
Private debt investors’ rising concerns over interest rates The US Federal Reserve approved a 0.25 percentage point interest rate hike on March 16. Private debt investors are protected from the negative consequences of rising interest rates by floating rate agreements. However, rising rates also increase default risk which can fundamentally damage portfolio performance…. Subscribe to
Already a member? Log in here
Covenant Trends – 3/21/2022
Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller