TheLeadLeft
Loan Stats at a Glance – 3/26/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence – 3/26/2018
Private Debt Fund Managers Are Optimistic Despite a Challenging Market As the private debt industry has matured, issues that have historically affected other alternative classes – high valuation and increased competition for transactions – have become increasingly prominent concerns. Almost half (49%) of private debt managers cite valuations as a key challenge facing the industry…
Spotlight on Healthcare – A Special Industry Report (First of a Series)
The private equity firm Platinum Equity announced last week they had offered to buy Johnson & Johnson’s blood glucose monitoring product for about $2.1 billion. The LifeScan Inc unit was one of several J&J businesses focused on diabetes devices. The medical products giant had apparently experienced declining revenues and squeezed margins in that arena and…
Chart of the Week: On the Mend
Mergers and acquisition financings in the healthcare space for middle market issuers have grown steadily since the credit crisis.
Leveraged Loan Insight & Analysis – 3/19/2018
Second lien issuance reaches $6.8B so far in 1Q18 Syndicated and privately placed second lien loan volume has reached US$6.8bn so far in 1Q18, which is not too far behind 4Q17’s volume of US$8.6bn. Issuers continue to rely on second lien facilities to maximize their leverage as 61% of the second liens tranches have been…
LevFin Insights: High-Yield Bond Statistics – 3/19/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Covenant Trends – 3/19/2018
Percentage of Deals with >6x Adjusted Total Leverage (M&A-Related vs. LBOs) Contact: Steven Miller
Select Deals in the Market – 3/19/2018
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