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Inflation Nation (First of a Series)
“Inflation (noun): 2. A continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.” “Transitory (adjective): 1. Of brief duration: temporary. 2. Tending to pass away: not persistent.” Thanks to Merriam-Webster for these clarifying entries, which together define one perspective…
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Chart of the Week: Deflating Expectations
Consumer price inflation has generally dropped since 1980, with questions raised for its future course.
Private Debt Intelligence – 5/17/2021
Growth of PD funds in market accelerates in Q1 The number of private debt funds in market has been rising consistently over the past five years, but the last quarter has seen a marked acceleration. There are 592 funds in market as of April 2021, a 36% increase compared to January 2020…. Subscribe to Read
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Covenant Trends – 5/17/2021
Flex Trends for Reg-Way Loans: Average Degree of Net Spread & Documentation Score Change Between Launch and Close, by Month (Past performance is no guarantee of future results.) Contact: Steven Miller
Debtwire Middle-Market – 5/17/2021
Sectors most impacted by pandemic outperform in the loan secondary market year-to-date Source: Debtwire Par Average bids on term loans have increased modestly this month, landing at 97.13 as of 18 May. Demand for loans has been strong in 2021, with average bids increasing 168bps from the 31 December figure, during which time 77% of…
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Middle Market Deal Terms at a Glance – May 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Reorg Credit Intelligence – 5/17/2021
N. G. Purvis Farms Seeks to Transition Pork Production to Farrow-to-Wean Model Amid ‘Unsustainable’ Feed Cost Increases N. G. Purvis Farms, Inc., a Robbins, N.C.-based large-scale pork production business with farms in North Carolina and Georgia, filed for chapter 11 protection on Thursday, April 8, in the Bankruptcy Court for the Eastern District of North…
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