Middle Market Deal Terms at a Glance – May 2016
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
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Private Credit and Business Cycles (Second of a Series)
Timing in private credit investing is an important part of decision making for asset managers. Having a view on where we are in the business cycle and how close we are to the next downturn helps frame decisions on specific credits, particularly those in more cyclical industries. In mezzanine investing, timing is essential. 2006 sub…
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Chart of the Week – Pipeline Pique
With one month of the second quarter behind us, the forward calendar for all syndicated loans remains below last year’s levels. Source: Thomson Reuters LPC; represents all loans
Select Deals in the Market – 5/9/2016
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The Pulse of Private Equity – 5/9/2016
U.S. PE firms pull back in Canada Last year saw a decade high of 201 U.S.-headquartered private equity firms invest in Canada, far outstripping the 129 domestic firms that were active in the same timeframe. Through the end of 1Q 2016, however, U.S. and Canadian PE firms are nearly evenly matched. This equalizing occurred as…
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Leveraged Loan Insight & Analysis – 5/9/2016
The share of unitranche financings in the Mittelstand leveraged loan market has risen to 22% of of total issuance on a deal count basis in the first quarter of 2016, an all-time high according to numbers compiled by Thomson Reuters LPC. Mittelstand is the middle market for the Germany, Austria and Switzerland region, comprising corporates…
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Loan Stats at a Glance – 5/9/2016
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Markit Recap – 5/2/2016
April saw a continued positive shift in the difference between credit default swap (CDS) spreads and cash spread equivalent, known as the CDS-bond basis, among US dollar denominated corporate bonds. Calmer global markets and stronger oil and commodity prices encouraged continued recovery in battered bond prices in the oil & gas sector, with EQT Corp…
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Leveraged Loan Insight & Analysis – 5/2/2016
Lender Survey: Are you seeing cracks in your portfolio? Yes, we are seeing signs of cracks in credit quality in our portfolios, said roughly 42% of the nearly 400 attendees gathered at the Marriott in Times Square for Thomson Reuters LPC’s 4th Annual Middle Market Loans Conference last week. While these respondents said some companies…
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