After June Refinancing Transactions Reduce Secured Leverage, Carrols Restores Significant Secured Debt Capacity Under Its Credit Agreement, Declares Special Cash Dividend Payable in Q3 Carrols Restaurant Group Inc. is one of the largest restaurant companies as well as the largest Burger King franchisee in the United States. As of July 4, 2021, the company operated,…
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 is a small but growing part of the private debt landscape looking to fund small but very high-growth companies to help them reach their next stage in development. In the…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.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 to PitchBook’s latest Global Private Debt Report, private debt funds fell by 7% that quarter on a pooled IRR basis, which includes both realized and unrealized changes to portfolio…
According to Refinitiv LPC, US unitranche volume came to almost $22 billion last quarter – the highest level they’ve tracked historically. That activity was comprised of records for both the middle and the larger corporate markets. At the same time, one-stop risk/return dynamics have moved in favor of issuers. The average debt/ebitda is now at a…
An armada of large unitranche financings have sailed into the direct lending market this year.