Last week we noted the coincidence between “Pi Day” and the birth date of Albert Einstein, but pondered any π connection with that other March 14 celebrity, Billy Crystal. One astute TLL reader (and keen observer of the pop scene) solved that riddle for us: Https://m.youtube.com/watch?v=ohmha1NsQRU. Well done. In closing out our series on loan pricing,…
We’ve used this space several times to talk about the U.S. PE dealmaking landscape. Depending on which statistics you’re looking at, PE firms are targeting great companies and paying… Subscribe to Read MoreAlready a member? Log in here...
While the year began with the market tilted in favor of institutional investors, there have been some changes. With limited supply of institutional paper, investors are jumping into attractive credits, and issuers have been able to gain the upper hand…. Subscribe to Read MoreAlready a member? Log in here...
As loan spreads have widened over the past year, the incentive for borrowers to seek better terms has diminished sharply. Source: Thomson Reuters LPC
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
We noted with interest the “Pi Day” celebrations last Saturday. 3/14/15 echoed that mathematical constant (the definition of which escapes us for the moment), spawned dozens of matrimonials, and marked the birth of Albert Einstein. March 14 was also the birthday of Billy Crystal, though we haven’t figured out the π connection there yet. Speaking…
Spreads on middle market loans have risen in concert with those of their broadly syndicated counterparts; now at a 116 bps premium. Source: S&P LCD
It’s that time of the year again when CDS market participants turn their attention to technical, rather than fundamental, factors. The Markit credit indices (iTraxx and CDX) roll every six months, and March 20 will see the first roll this year. This can result in significant dislocations between the… Subscribe to Read MoreAlready a member? Log in