LevFin Insights: High-Yield Bond Statistics – 6/14/2021
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 State of Private Credit in Europe (First of a Series)
Say what you will about last year’s Covid-induced downturn in the US beginning in March. But it paled in comparison to the UK’s economic cratering. Not since the Great Frost of 1709 had that proud nation suffered such a dramatic slump. Europe, in various degrees, followed suit. But then, like the US, Europe and the…
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Middle Market Deal Terms at a Glance – June 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Chart of the Week: Recovery Room
The European economy is coming back in sync with the US; the UK is the growth engine.
Debtwire Middle-Market – 6/14/2021
Institutional loan & HY bond default landscape improves dramatically year-over-year Source: Fitch Ratings, Debtwire Par Defaults on institutional loan and high yield bond debt have subsided from elevated levels seen last year during the height of the coronavirus (COVID-19) pandemic, which shuttered many businesses under pressure to service debt agreements. Ending May at just 2.4%,…
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Private Debt Intelligence – 6/14/2021
Mega deals on upward trend in 2021 The number of mega private debt deals (transaction of $1bn+) had been steadily decreasing since the 48 mega deals that were completed in 2017, but H1 2021 has seen an uptick in activity. Last year, the average deal size stood at $85m and 2020 saw 31 deals with…
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Covenant Trends – 6/14/2021
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (Past performance is no guarantee of future results.) Contact: Steven Miller