Loan Stats at a Glance – 10/2/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
TheLeadLeft
Covenant Trends – 9/25/2017
Avg. Unadjusted Leverage for M&A-Related Loans Contact: Steven Miller smiller@covenantreview
Leveraged Loan Insight & Analysis – 9/25/2017
Lender Survey: Are the structural characteristics of loans changing for good? Just over half of the audience gathered during Thomson Reuters LPC’s 23rd Annual Loan & CLO Conference said that structures have not changed for good but rather the pendulum will swing back when credit quality deteriorates. However, just over one fifth disagreed, reporting that…
Already a member? Log in here
Select Deals in the Market – 9/25/2017
☞ Click for a larger image.
Feeding the Beast
The world’s oldest fruitcake was found in Antartica in a building left from the expedition of Robert Falcon Scott. The British explorer died during his 1912 attempt to reach the South Pole. But not apparently from eating the fruitcake. The perennial delicacy was found covered in ice, and left “wrapped in paper..and in its original…
Already a member? Log in here
Lead Left Interview – Stephen Boyko (Part 2)
This week we continue our conversation with Stephen Boyko of Proskauer. Steve is a partner in the firm’s corporate department and co-head of the private credit and finance groups. He represents one of the largest client rosters in the industry, including an array of specialty finance companies, private debt funds, and BDCs. Second of two parts…
Already a member? Log in here
Debtwire Middle-Market – 9/25/2017
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…
Already a member? Log in here
Chart of the Week: Supply Slide
Annualized for the full year, 2017 seems poised for the most middle market leveraged loan volume since 2014.
The Pulse of Private Equity – 9/25/2017
Same game, new players Download Report Here The alternative asset industry is no stranger to GP stake sales, but those transactions have historically focused on hedge fund managers over private equity. That trend has pulled a full 180 in recent years, with PE stakes now accounting for well over half of such deals in 2017 while…
Already a member? Log in here