Covenant Trends – 10/26/2020
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
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Loan Stats at a Glance – 10/26/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 10/19/2020
Middle market syndicated non-sponsored volume dropped in 3Q20 Non-sponsored syndicated loan issuance of US$10.2bn in 3Q20, was down 24% from already low 2Q20 figures. 3Q20 issuance was spread over 80 deals, the lowest level of transactions in a quarter for at least 13 years. Refinancings plummeted once again in 3Q20…. Subscribe to Read MoreAlready a
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Dry Powder – The Yearn to Burn
The journal Astrobiology has highlighted 24 planets that could possibly sustain life. Criteria for “superhabitability” include stars younger than the Sun and atmospheres with warmth and moisture greater than Earth. All these planets are over 100 light years away – not ideal for COVID getaways. But for those who don’t mind long trips with the […]
DL Deals: News & Analysis – 10/19/2020
Sun Life’s $338M acquisition of Crescent Capital underscores confidence in direct lending Sun Life Financial’s $338 million acquisition of Los Angeles-based Crescent Capital underscores investor confidence in direct lending, even as the Covid pandemic has upended global economies. Sun Life, a Toronto-based insurance company that has a small direct lending team within its $193 billion…
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The Pulse of Private Equity – 10/19/2020
Not everyone is buying Download PitchBook’s Report here. Private equity enjoys some advantages over corporate acquirers right now. PitchBook’s latest North American M&A Report, now available, visualizes this trend in the chart above. Third quarter numbers show a small uptick in PE deals and a small slowdown in corporate M&A, resulting in a sharp spike in…
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Covenant Trends – 10/19/2020
Distribution of MFN Sunset Horizons Contact: Steven Miller
