Loan Stats at a Glance – 9/27/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
TheLeadLeft
The Pulse of Private Equity – 9/20/2021
First-time fundraising bouncing back Download PitchBook’s Report here. Middle market fundraising posted a strong showing in H1, according to PitchBook’s latest US Middle Market Report. $68.4 billion was raised through June, which puts 2021 on pace to approach the 2019 record. Even if it doesn’t, the middle market is set to bounce back from a decline…
Already a member? Log in here
Leveraged Loan Insight & Analysis – 9/20/2021
BDC newly originated second lien exposure climbs in 2Q21 BDC’s increased their second lien exposure to 12.1% of new originations in 2Q21, up from the 7.5% tracked in 1Q21. In comparison, first lien assets were relatively flat at 71.6% of originations, while equity positions slipped to 10%. At the fund level, second lien originations as a…
Already a member? Log in here
Supply Chains and Labor Examined
One of the more fascinating aspects of the past 18 months has been watching the divergent economic narratives between headlines and data. The Bureau of Labor Statistics reported a record high 10.9 million job openings in July. The three largest sectors comprising this increase were healthcare, finance, and food services. Yet there also less than […]
Debtwire Middle-Market – 9/20/2021
M&A/Buyout deals outnumber refinancings, sending pricing higher Source: Dealogic, Debtwire Par With institutional issuance slowing to USD 43.6bn in August, its lowest level in the year to date (YTD), a steady flow of M&A and buyout related financings (USD 25.2bn or 58% of monthly issuance) and a slowdown in refinancing transactions (USD 12.2bn or 28% of issuance) contributed…
Already a member? Log in here
LevFin Insights: High-Yield Bond Statistics – 9/20/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Reorg Credit Intelligence – 9/20/2021
Uptick in Restaurant IPOs; BJ’s, Cheesecake Factory, Red Robin Ratios Improve Ahead of Upcoming Financial Covenant Tests; Brinker, Denny’s Refinance Revolvers; Updated Covenant Relief Timeline, Leverage Metrics In this issue of Reorg’s Restaurants Bi-Monthly, Our Americas Covenants experts provide an overview of credit-driven developments affecting the restaurant industry in July and August, including recent refinancings,…
Already a member? Log in here
