The seemingly never-ending saga around Greece’s EU status continues to drive macro sentiment, but credit investors have also had sector specific issues to digest. CDS in the TMT sector is often among the most active, but the past few weeks have seen several M&A… Login to Read More...
Amid all the wondrous frolicking enjoyed by many this past holiday weekend, we were reminded again of one corollary to good parenting: Otherwise well-mannered children get into trouble when not occupied with constructive activities. That observation came to mind on reading an interesting note yesterday from content partners S&P Capital IQ. They report that May…
After a long drought issuers are again accessing the loan market for re-pricings to lower borrowing costs.
This week we continue our conversation with Cheryl Carner, managing director of Crystal Financial LLC. Based in Boston with offices in Atlanta and LA, Crystal Financial is a commercial finance company that originates, underwrites and manages secured debt. Their clients are middle market corporations that operate in a diverse set of industries. Second of two parts…
U.S. CLO assets under management (AUM) topped $400 billion in April on the back of continued CLO issuance. This represents a roughly $31 billion jump so far this year and an $86 billion increase in the last year. U.S. CLO issuance has gotten off to a strong start in 2015 and is even ahead… Login
The U.S. is Behind Canada’s PE Surge Last week we talked about the sustained boom of Canadian PE activity, which outpaced U.S. deal flow by a wide margin between 2010 and 2014 (+148% versus +40%). Are Canadian firms finding more opportunities in their backyard?… Login to Read More...
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
One of the fundamental differences between investing in broadly syndicated and middle market loans is the nature of the due diligence associated with those asset classes. The world of lending to large, liquid issuers is driven by public information. Investors use widely available ratings and price data on companies over $100 million in Ebitda to…