Loan Stats at a Glance – 10/16/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
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Leveraged Loan Insight & Analysis – 10/9/2017
Lender Survey: How are you feeling about portfolio performance? Issuers are showing flat to very slow growth but performance is stable, said 72% of the buyside and sellside respondents in TR LPC’s Quarter-End Survey. The remainder are split with 14% reporting that issuers are showing strong financial performance and growth has picked up while 14%…
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Covenant Trends – 10/9/2017
Percentage of Deals with F&C Growers Contact: Steven Miller smiller@covenantreview
Middle Market Deal Terms at a Glance – October 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
State of the Capital Markets – Third Quarter 2017 Review and Fourth Quarter 2017 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for Fourth Quarter 2017
Debtwire Middle-Market – 10/9/2017
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 comprises of more…
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Select Deals in the Market – 10/9/2017
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The Pulse of Private Equity – 10/9/2017
The PE exit crunch Download Report Here Last week we highlighted the climb in equity contributions in recent years. Relative to debt contributions, equity now makes up 57% of EV year-to-date, a significant percentage that will likely water down future fund returns. A second trend bears mentioning as it relates to returns, highlighted in our upcoming…
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Spot-lite on Cov-lite (Second of a Series)
News reached us last week that the great mathematician, Monty Hall, passed away at the age of 96. Better known as the host of the 1960’s TV hit, “Let’s Make a Deal,” Mr. Hall lent his name to game theory for the so-called 3-Door Monty Hall Problem. Behind three doors there’s a brand new car,…
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