Loan Stats at a Glance – 6/19/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
TheLeadLeft
Select Deals in the Market – 6/12/2017
☞ Click for a larger image.
Leveraged Loan Insight & Analysis – 6/12/2017
Middle market fundraising firing on all cylinders in 2017 Money continues to pour into the middle market in a myriad of ways. For starters, 2017 is going to be the strongest year for middle market CLO formation since the credit crisis. Year to date $7.3 billion in middle market CLOs have priced, not too far…
Already a member? Log in here
Covenant Trends – Average EBITDA Adjustment Horizon (Months) for Synergies / Cost Savings
Contact: Steven Miller smiller@covenantreview
Debtwire Middle-Market – 6/12/2017
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…
Already a member? Log in here
Lead Left Interview – Tess Virmani
This week we chat with Tess Virmani, SVP and Associate General Counsel of the Loan Syndications and Trading Association (LSTA). Tess works with the LSTA’s Primary Market Committee and Trade Practices and Forms Committee on legal projects. She also works on advocacy and regulatory matters. The Lead Left: Tess, thanks for joining us. I saw…
Already a member? Log in here
The Pulse of Private Equity – 6/12/2017
Is this the new normal for buyout firms? View PitchBook’s 2017 Global PE Deal Multiples Report: Part II Here Multiple datasets can help convey certain aspects of why the current private equity environment may represent a new normal in terms of dealmaking, yet one of the more telling is one that depicts the type of the…
Already a member? Log in here
The Case for Covenants (Part Four)
It’s not surprising so much fuss has been made about the proliferation of cov-lite structures in the leveraged loan market. After all, what was the exception even among larger issuers has become the rule (see our Chart of the Week). Indeed this trend has been growing since 2013 when almost 60% of loan volume lacked…
Already a member? Log in here
Private Debt Intelligence – 6/12/2017
Private Debt Fundraising Pool Widens The closed-end private debt fundraising market is broadening, as more fund managers continue to form and bring funds to market. Consequently, the largest private debt firms are accounting for a smaller proportion of total fundraising activity,… Subscribe to Read MoreAlready a member? Log in here...
Already a member? Log in here