Covenant Trends – 5/13/2019
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
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Debtwire Middle-Market – 5/13/2019
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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Loan Stats at a Glance – 5/13/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence – 5/13/2019
Private Real Estate Debt Attracts Investors The private real estate debt market has grown significantly in recent years as fund managers have sought to capitalize on the opportunity provided by banking regulation, and investors have targeted exposure to the stable income and portfolio diversification that debt investments can provide…. Subscribe to Read MoreAlready a member?
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The Pulse of Private Equity – 5/6/2019
A closer look at foreign investment There’s a tradeoff between welcoming foreign investment and protecting national security. That’s becoming a more common tradeoff to consider in the private equity world, where foreign investors are keen to get involved in direct investments…. Subscribe to Read MoreAlready a member? Log in here...
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Private Debt Intelligence – 5/6/2019
Private Debt in Asia Struggles to Gain Ground The Asian private debt market is still relatively small. While the industry has grown rapidly in the more developed markets of North America and Europe, expansion has been slower in Asia, and the region has yet to reach a ‘critical mass’, so activity remains cyclical…. Subscribe to
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Interrelationships in Secured Finance
Click here to download CFA’s The 2019 Secured Finance Market Sizing & Impact Study DOWNLOAD REPORT The 2019 Secured Finance Market Sizing & Impact Study demonstrates one overarching characteristic of secured financing activity is interrelatedness, with products and structures that may be complementary, interchangeable or transitional depending on borrower profile and stage of life cycle. […]
Transact Documentation Scorecard and the State of Play for Smaller LBO Loans (Part III)
Click here to download full report DOWNLOAD FULL REPORT Underlying the better Documentation Scores among smaller leveraged loans is a series of tighter covenant terms, as we run down in the tables above. What is Documentation Score?Covenant Review’s Documentation Scores express the strength of an instrument’s covenant protections on a number scale running from 1 […]
