Loan Stats at a Glance – 7/20/2015
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
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State of the Capital Markets – Second Quarter 2015 Review and Third Quarter 2015 Outlook
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get: Review of Current Market Conditions Analysis of Capital Markets Metrics Including Covenants, Pricing, and Leverage Review of Credit Quality Outlook for Third Quarter 2015 To download the report, please login or subscribe to…
Markit Recap – 7/13/2015
Greece’s position as the dominant driver of market sentiment has been unassailable in recent months. But there may be a hiatus if an agreement is reached on bridging finance for Greece, potentially leaving room for another theme to shape credit spread direction. If Greece does become a secondary consideration – and that is a very big…
More on Revolving Credits
Who knew such a mundane topic as revolving credits could stir up such passions? Based on our TLL mail bag, readers have very definite opinions about how banks (and borrowers) are coping with the shifting regulatory climate related to these otherwise innocuous financing mechanisms. As we discussed last week, the crack-down on “risky loans” has…
Chart of the Week – Lower Gears
While these data include all middle market loans, not just LBOs, the trend seems to confirm regulatory pressures are impacting leverage. Source: S&P Capital IQ
Lead Left Interview – John Brignola
This week we chat with John Brignola, managing partner, LBC Credit Partners. LBC is a leading provider of middle market financing solutions supporting sponsored and non-sponsored transactions. LBC has over $1.75 billion of capital commitments and has made over $3.2 billion in investments in a wide range of industries located throughout North America. The Lead…
The Pulse of Private Equity – 7/13/2015
Investment-to-Exit Ratio at Record Low While it’s true that PE firms remain hopeful buyers, and the number of deals has risen over the years, they’re much more active on the sell side today. Through June, the U.S. investment-to-exit ratio is at a record low 1.7x in 2015…. Login to Read More...
Leveraged Loan Insight & Analysis – 7/13/2015
After a very slow start to the year, leveraged lending picked up in 2Q15. Issuance of $233.3 billion was up 69 percent from 1Q15 levels. While issuance was down year-over-year, it only trailed by 10 percent, a lot lower than the 53 percent deficit recorded in 1Q15. On the heels of a very slow first…
