Loan Stats at a Glance – 9/9/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
In May 2019 The Lead Left published a series of articles on covenant trends. This report consolidates those articles.
Drawdowns are slower than they used to be Download PitchBook’s Report here. Record years for PE activity are often viewed as fast-moving frenzies, but capital call statistics show the industry is investing much more slowly than it has in the past. Drawdown rates have been relatively slow since 2012, even though 2014, 2015, 2016, 2017 and…
Lead Left Readers’ Say: Covenant TrendsInfogram
HY bond issuance slows sharply in August, flows turn negative Source: Debtwire Par, Lipper High yield bond issuance slowed sharply in August, totaling just USD 9.5bn, the lowest monthly figure this year, with one deal (Tenet Healthcare’s USD 4.2bn refinancing) accounting for a large chunk of activity. The second half of the month saw just…
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Enthusiasm for alternatives remain among investors Based on the results of the last survey of 177 institutional investors conducted in July 2019 by Preqin, we find out that investors remain upbeat about the future performance of alternatives but are aware this may not continue. Seventy-four percent of investors think that equity markets are at a…