Lufthansa is one of several airline credits to have seen its CDS spreads tighten in line with the falling oil price. But the tragedy last week has led to investors focusing on the German firm, and the scrutiny is inevitably negative. At the beginning of March Lufthansa’s… Subscribe to Read MoreAlready a member? Log in
This week we continue our conversation with Patrick Dalton, CEO, Gordon Brothers Finance Company (GBFC). GBCF is a commercial finance company focused on middle market lending. They originate and underwrite secured loans for both asset-rich and cash flow generating businesses across a wide spectrum of industries. Second of two parts – View part one The Lead Left:…
Andy Kessler published an attention-getting op-ed in the Wall Street Journal this week. “The glory days of private equity are over,” he says, citing rising interest rates, more PE firms competing for… Subscribe to Read MoreAlready a member? Log in here...
US syndicated loan volume took a tumble in 1Q15 to log just over $350 billion, down 27% compared to year ago levels and a more substantive 40% drop over 4Q14 totals. The decline was most notable among leveraged issuers who pushed almost… Subscribe to Read MoreAlready a member? Log in here...
As banks retreat under regulatory pressures, non-banks are bulking up in their capacity to do larger middle market deals Average Middle Market LBO Size Source: Thomson Reuters LPC
Beginning in June 2014 The Lead Left published a series of articles discussing the relative merits of investing in middle market senior debt and their broadly syndicated counterparts. This report consolidates those articles: What is a BDC? The BDC Structure BDCs and Leveraged Loans BDCs and the Investor
Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
The bearish sentiment around Latin American credits was reversed last week as the US Federal Reserve signalled a more cautious economic outlook and subsequent slower path for monetary tightening. Vast quantities of emerging market debt, like that in Latin America, are denominated in US dollar…. Subscribe to Read MoreAlready a member? Log in here...
This week we speak with Patrick Dalton, CEO, Gordon Brothers Finance Company (GBFC). GBCF is a commercial finance company focused on middle market lending. They originate and underwrite secured loans for both asset-rich and cash flow generating businesses across a wide spectrum of industries. The Lead Left: Patrick you joined GB Credit Partners recently, but…