Chart of the Week: Upping the Ante
Despite worries about new middle market entrants, all-in yields are only 13 bps shy of their levels seven years ago.
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Loan Stats at a Glance – 5/8/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Leveraged Loan Insight & Analysis – 5/1/2017
What is the most likely catalyst for derailment? 41% of the audience polled last Thursday during Thomson Reuters LPC’s Fifth Annual Middle Market Loans Conference pointed to competitive pressures leading to structural and yield deterioration as the most likely catalyst for change or derailment in the market. However, one third pointed to geopolitical risk, which…
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Select Deals in the Market – 5/1/2017
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Debtwire Middle-Market – 5/1/2017
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield Listen to the latest edition of the Debtwire Middle Market Junction podcast as Alexander Montano of Roth Capital Partners talks about the post-emergent E&P landscape with Rachel Butt and Jon Berke of Debtwire Middle Market. The discussion centers around how new…
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Elements of Corporate Risk (Fifth of a Series)
Being in an industry prone to litigation is one of the trickiest corporate risks to manage. For one thing, lawsuits and class action claims aren’t under a borrower’s control. For another, judges and juries can be fickle. In dealing with a similar issue, they might hammer one defendant with major damages while letting another off…
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Lead Left Interview – Ted Bililies
This week we chat with Ted Bililies, Managing Director and Chief Talent Officer for AlixPartners. Ted is a Harvard-trained clinical psychologist with decades of experience in leadership and organization development. Though known originally as a restructuring firm, AlixPartners has grown over the last 35 years into a global consulting firm that specializes in whole company…
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Covenant Trends – Distribution of ECF Sweep Step-Down Ratio Types
Contact: Steven Miller smiller@covenantreview
Chart of the Week: Shadow Banked
The share of middle market club deals held by non-lenders remains just under 70% for the first quarter.