We had planned on concluding our 2015 predictions with a forecast of structure and pricing in leveraged loans. But market developments compel us to address first what could a factor in changing both those elements dramatically next year. Like all things unexpected, the precipitous drop in oil prices could have been foreseen if you knew…
Despite a buoyant economy and favorable interest rate environment, the share of criticized bank loans has not declined…. Login to Read More...
Leverage on large corporate LBO deals came down modestly in 4Q14 as market players are responding to regulators’ feedback around Leveraged Lending Guidance. The average debt to EBITDA in 4Q14 for large corporate LBO financings is currently 6.53 times, down from 6.96 times in 3Q14.And outlier TIBCO Software… Login to Read More...
A Closer Look at Fees For several months now, the SEC has been keeping a closer eye on fee disclosures from PE firms, particularly whether they’re telling their LPs that transaction and monitoring fees are being charged to portfolio companies…. Login to Read More...
This week we speak with Richard Petrocelli, CFO of FSC and FSFR, and Frederick Buffone, Head of Capital Markets, FSAM. Fifth Street Asset Management (FSAM) is a credit-focused asset manager with $6 billion of AUM across two public BDCs, Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), as well as…
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Retail Wars: M&A and PE Activity Diverging Poor consumer sentiment hasn’t really dampened enthusiasm among private equity investors, which continue to target… Login to Read More...
One of the enduring mysteries of life, other than the fact that Kanye West is Bruce Jenner’s son-in-law, is getting a handle on deal supply in the leveraged loan markets. By the numbers, the forward institutional pipeline has been drifting south since Labor Day. According to S&P Capital IQ, last week’s calendar stood at $40…