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Select Deals in the Market – 9/3/2018
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Debtwire Middle-Market – 9/3/2018
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…
Food for Thought
News reached us on North Carolina’s Outer Banks of an unusual find in an Egyptian tomb. Archeologists discovered a “mysterious white substance” in pots from the burial site of Ptahmes, a 13th century B.C. official. Chemical analysis proved it was cheese. Past Egyptologists have made similar findings. In 1942 one team reported something dating back…
Covenant Trends – 9/3/2018
Synergies & Cost Savings EBITDA Addbacks (Capped vs. Uncapped vs. None Allowed) Contact: Steven Miller
LevFin Insights: High-Yield Bond Statistics – 9/3/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Chart of the Week: Straight Up
According to Proskauer Rose, the vast majority of its private credit clients are employing non-bifurcated unitranche structures.
Loan Stats at a Glance – 9/3/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence – 9/3/2018
Private Debt Remains Popular for Investors Private debt has seen great success in attracting investors, and as at H2 2018 over a third (36%) of institutional investors allocate capital to the asset class, according to Preqin’s latest survey of institutional investors. Investors cite portfolio diversification as the main reason to invest in private debt, alongside…
PDI Picks – 9/3/2018
Owning up to Europe’s distressed opportunity Under increasing pressure, banks are starting to offload troubled assets – with Italy leading the way. Like a small child who keeps a broken toy in a clenched fist to hide it from a parent, many European banks have been reluctant to own up to the true value of…








