TheLeadLeft
Private Credit – Good Grapes and Bad Grapes
We were sad to hear of Coca-Cola’s decision last week to discontinue Tab by year end. Launched in 1963 Tab was a pop culture icon, appearing in Back to the Future and Ghostbusters. But competition from Diet Coke spelled its demise. It takes superior management to keep brands vital. Remember Scooter Pies, Quisp, or FudgeTown […]
Leveraged Loan Insight & Analysis – 10/26/2020
New money loan assets make up 60% of 4Q20 leveraged volume to date 4Q20 US Leveraged loan volume was tracked at $39.8bn through October 22nd, up 8% compared to the $36.9bn raised during the same time last year. Of this total, $24bn or 60% of quarterly issuance thus far represents new loan assets while the…
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LevFin Insights: High-Yield Bond Statistics – 10/26/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 10/26/2020
Dividend financings see a resurgence within opportunistic loan market Source: Debtwire Par Following several months defined by a lack of new loan supply, opportunistic deals have begun to flood the market as borrowers and sponsors alike capitalize on investor appetite for paper. Since returning to the market in July, dividend recapitalization transactions have steadily gained…
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Private Debt Intelligence – 10/26/2020
Private Debt Performance Private debt has proven to deliver stable returns in the longer-term (three years plus). Across all strategies, 5-years to March horizon IRRs, mezzanine funds have the strongest returns (7.6%), making the overall private debt returns of 5.1%…. Subscribe to Read MoreAlready a member? Log in here...
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Canards in the Coal Mine
According to the National Retail Federation some 150 million US adults will “participate in Halloween-related activities.” Digging deeper into the data, 53% will decorate their homes, 46% have pumpkin-carving plans, and 18% will “dress up their pet.” Recognizing some animals are more receptive to costuming than others, having one in five Americans squeezing Fidos into…
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Chart of the Week: Devalue Proposition
Purchase prices as multiples of borrower ebitda have slumped this year across the middle market.