It is a truism that the finances of countries, as well as companies, feel the impact from declining commodity prices. This can be good for energy importing nations, and the positive effect on consumption can boost economic growth. But for commodity exporters it is obviously detrimental. A prime example is Kazakhstan…. Subscribe to Read MoreAlready
This week we wrap up our unitranche series by asking the $64,000 question that always surfaces in discussions about the future of the unitranche: How will it fare in bankruptcy? With providers that do not bifurcate the unitranche between first-out and second-out lenders, there are no intercreditor issues to consider. But for those that do,…
This week we chat with William P. Brady, a partner in the Corporate Department of Proskauer. He is also a member of the Finance Group as well as the Multi-Tranche Finance Group. Bill is a thought leader on unitranche financings and speaks at various junior capital, multi-tranche finance and related finance conferences and seminars. The…
Middle market CLO volume $5.5 billion year to date; full year total may fall short of 2014. Source: Thomson Reuters LPC, Wells Fargo
Commodity trading firms – which store, transport and process raw materials such as crude oil, wheat and copper – are obtaining favorable terms on their European syndicated loans despite a global commodities rout which has seen the price of many commodities cut in half over the past year and threatens commodity… Subscribe to Read MoreAlready
Median Hold Period for U.S. Middle Market Companies Drops for First Time in Years Private equity’s ‘hangover’ from the buyout boom era, with steadily aging investments skewing median holding periods for portfolios ever upwards, has been well-documented. PE holdings in the U.S. middle market—which has become increasingly popular among… Subscribe to Read MoreAlready a member?
Contact: Daniel Mena daniel.mena@spcapitaliq.com
In bond markets, liquidity can be described as the ability to transact with size, at low cost and with minimal price impact. The topic has been of much conversation over the past few years as market participants fret over the potential systemic risks that can arise from illiquid bond markets. While overall consensus is that…