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Leveraged Loan Insight & Analysis - 6/1/2020

Middle market lenders weigh in on the percent of issuers that will miss P&I in June? Now that we are in June, middle market lenders are highly focused on how issuers will react at the June 30th principal and interest payment date.  While making P&I payments at March was a very stressful experience for many,…

Debtwire Middle-Market – 6/1/2020

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…

Private Debt Intelligence - 6/1/2020

How Has COVID-19 Impacted Private Debt in Europe? Private debt fundraising has impacted differently in the markets of Europe than in Asia or North America. While in the last two regions fundraising declined in Q1 2020, Europe-focused private debt fundraising augmented, and Q2 seems to be decreasing…. Subscribe to Read MoreAlready a member? Log in

High Times (Last of a Series)

What has been described as “massive” new issuance in the high-yield market led to the most deal volume for May ($48 billion) since 2003, according LevFin Insight’s Matt Fuller. As our Chart of the Week depicts, cash inflows to bond funds totaled over $35 billion in the past nine weeks, per Refinitiv Lipper. That includes…