TheLeadLeft
Of Vineyards and Vintages
Sad news reached us last week on the consumer products front. We’re referring, of course, to Coca-Cola’s decision to discontinue Tab by year end. Launched in 1963 against the first diet cola, Diet Rite, Tab came of age in the 1960’s and ‘70’s, appearing in Back to the Future, Terminator and Ghostbusters. But competition from…
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Chart of the Week: Risk Dispersion
As the COVID-19 crisis took hold, leverage distributed more widely by borrower ebitda.
LevFin Insights: High-Yield Bond Statistics – 10/19/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Middle Market Deal Terms at a Glance – October 2020
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Private Debt Intelligence – 10/19/2020
Record Amounts of Funds and Capital in the Private Debt Market The number of private debt funds in market and the capital targeted have reached new records at the beginning of Q4 – 521 funds in market seeking for a combined $295bn. This is a 54% increase compared to January 2020, when funds on the…
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Debtwire Middle-Market – 10/19/2020
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
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PDI Picks – 10/19/2020
Fundraising has not been stopped in its tracks Senior debt strategies lead the way as capital accumulation manages to retain some forward momentum. Private debt funds raised a total of $109.8 billion during the first nine months of 2020, the lowest figure since 2016, according to PDI data (see chart above)…. Subscribe to Read MoreAlready
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Loan Stats at a Glance – 10/19/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 10/12/2020
3Q20 MM sponsored loan issuance picks up from 2Q20’s low, but still quite anemic Sponsor-backed middle market volume showed a pick up in 3Q20 to US$5.6bn, up 120% from 2Q20’s post credit crisis low. But volume was still quite dire and over 62% behind 3Q19’s level. While pricing has been tightening dramatically month after month,…
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