Loan Stats at a Glance – 2/19/2018
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
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Markit Recap – 2/12/2018
iTraxx skew widens amid volatility Rates and equity markets are now embroiled in a tussle that has upset the pervasive complacency evident at the beginning of the year. Has this affected the credit markets? Naturally. The primary credit indices experienced considerable volatility; perhaps not as newsworthy as the VIX, but notable nonetheless…. Subscribe to Read
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Leveraged Loan Insight & Analysis – 2/12/2018
M&A loan financings comprise 30% of completed U.S. leveraged issuance this quarter The U.S. leveraged loan market continues to chug along at a steady pace. So far this quarter there has been US$110bn in completed leveraged loan issuance. The mix of deals comprises a healthy chunk of M&A. There has been US$33bn in completed leveraged…
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Middle Market Deal Terms at a Glance – Feb 2018
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
The Pulse of Private Equity – 2/12/2018
How much potential is in the middle market? Quite a bit Download PitchBook’s 2017 Annual US PE Middle Market Report click here. The middle market continues to outpace the broader private equity market. According to PitchBook’s 2017 Annual US PE Middle Market Report, deal volume in the $100M-$1B range last year was about even with…
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LevFin Insights: High-Yield Bond Statistics – 2/12/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 2/12/2018
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…
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Select Deals in the Market – 2/12/2018
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You Can Fight City Hall
It seemed like a one-in-a-million shot at the time. In October 2014, the LSTA filed a lawsuit against the SEC and the Federal Reserve Board, claiming that CLOs should not be covered under Dodd-Frank’s risk retention rules. These rules, arising from the credit crisis, required parties that securitized assets to retain at least 5% equity…
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