Chart of the Week: SPACtacular
Market volatility and dry powder pushed special purpose acquisition company activity to record levels.
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Middle Market Deal Terms at a Glance – November 2020
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Covenant Trends – 11/16/2020
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
Debtwire Middle-Market – 11/16/2020
Vaccine hope and election results impact the secondary markets Source: Debtwire Par Leveraged loan and high yield bond secondary markets saw an uptick in volatility ahead of the US General Election, with term loans posting a 61bps decline in weighted average bids in the 26 October to 2 November time frame and high yield bonds…
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LevFin Insights: High-Yield Bond Statistics – 11/16/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 11/16/2020
Fund Manager Views on the Importance of Debt Lenders in the Next Five Years Private debt firms have stepped into a gap left by banks after the Global Financial Crisis and are focused on lower-risk credits. More than 30% of fund managers surveyed by Preqin for Future of Alternatives 2025 believe banks will be less…
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PDI Picks – 11/16/2020
The pain is yet to come Plenty of capital has been raised in anticipation of a distressed opportunity that may take a while to materialise. Distressed debt has been a major focus for investors in recent years, as can be seen from our chart above. Although fundraising this year has been dealt a setback by…
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Loan Stats at a Glance – 11/16/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com