Covenant Trends – 3/29/2021
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) (Past performance is no guarantee of future results.) Contact: Steven Miller
TheLeadLeft
LevFin Insights: High-Yield Bond Statistics – 3/29/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Special Report: SPACs – A Primer
Beginning in November 2020 The Lead Left published a series of articles on special purpose acquisition companies (SPACs). This report consolidates those articles.
CLOs Revisited – Ratings, Risks, and Returns (Second of a Series)
“The world has put all its Covid eggs into the vaccine basket. There is no Plan B.” – CLO manager. What happened to CLOs during Covid? We asked a number of experts on the topic, including rating agency friends and top credit managers. Here’s a summary of their opinions: First, because CLO assets represent roughly…
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Chart of the Week: Triple A Service
CLO liability spreads for the most creditworthy tranches have fallen below pre-Covid levels.
Private Debt Intelligence – 3/29/2021
Private Debt Assets under Management by Geographic Focus, 2000 – 2020 While funds focusing on North America constitute 61% of total AUM, other regions have gradually expanded their share. This is particularly the case for Europe-focused AUM, which now makes up just under 30% of the total… Subscribe to Read MoreAlready a member? Log in
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Loan Stats at a Glance – 3/29/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com