Covenant Trends – 3/11/2019
Percentage of Loans with Asset Sales Sweep Stepdown Contact: Steven Miller
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Leveraged Loans and Systemic Risk (Third of a Series)
What’s in a name? A lot, apparently, if it’s the name of a very large number. According to a WSJ piece last week, as the world of big data grows, so does the problem of keeping track of it. In a decade or so, the amount of information will exceed 1 yottabytes. That’s 1 with…
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Chart of the Week: Price Fix
The long-term durability of leveraged loans was demonstrated out of the last recession, as values climbed back to par.
The Pulse of Private Equity – 3/11/2019
Acacia funds Download PitchBook’s Report here. Acacia trees are those huge, canopy-like trees in Africa that giraffes feast on. It helps to be that tall—there’s virtually no competition to eat the leaves. Sheer size in private equity brings similar advantages, as only mega funds can compete for certain deals…. Subscribe to Read MoreAlready a member? Log
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Debtwire Middle-Market – 3/11/2019
Leverage ticks higher in 1Q19 Source: Debtwire Par Adjusted leverage on new deals has edged higher so far in 1Q19 compared to 4Q18 and 2018 as a whole, averaging 5.1x, aided by a decline in the share of low levered deals and an uptick in the share of deals levered 6x to less than 7x….
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Loan Stats at a Glance – 3/11/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 3/4/2019
US investors displayed more caution on riskier loans in February Overall, flex activity in the US institutional loan market favored issuers in February with LPC’s Flex Factor tracking 15 deals that favored borrowers against 10 that went in investors’ favor…. Subscribe to Read MoreAlready a member? Log in here...
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Leveraged Loans and Systemic Risk (Second of a Series)
According to a Harvard study, middle-aged men who did 40 pushups have a 96% lower risk of cardiovascular disease than those who did 10 or fewer. Not since eighth grade gym class has anyone ordered us to “drop and give me twenty.” But surely in all those formative years we comfortably amassed 40 pushups. To…
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Chart of the Week: All-Terrain Vehicles
Over time collateralized loan obligations have proven to be resilient through cycles and regulatory hurdles.
