BDC asset valuations post gains in 2021 BDC’s have benefited from rising asset valuations in recent months, with both loan and equity holdings posting gains. During 2Q21 (the most recent quarter for which data is available), the weighted average mark on BDC debt holdings climbed to 97.71% from 97.18% in the prior quarter and is…
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
We’ve all been there. You try to re-order your favorite beverage, sneaker, exercise bike, or cleaning product, and it’s out of stock. The dynamics behind these supply chain issues differ depending on the situation. Some manufacturers are still playing catch-up with consumer demand in areas such as home improvement and fitness. Others are challenged by…
Growth in the US has slowed, while prices are on the upswing…but for how long?
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Institutional loan pricing shifts wider in August Source: Debtwire Par To begin the year, a surge of repricing and refinancing activity helped to push loan pricing to historically tight levels – in January, when repricing volume spiked to USD 43.2bn, average margins on institutional first lien loans fell to just 333bps, with yields averaging 3.92%….
Average F&C Tranche / Pro Forma EBITDA, Based on Closing PF Leverage (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller
Payoff of Brinker International’s 2023 Unsecured Notes Will Trigger Springing Liens on Additional Collateral Under New Revolver, Create Additional Secured Debt Capacity Under 2024 Notes In August 2021, Brink International replaced its $1 billion revolver (the “Old Revolver”), which would have matured Dec. 12, 2022, with a new $800 million revolver maturing Aug. 18, 2026…