KBRA Direct Lending Deals: News & Analysis – 10/6/2025
KBRA DLD Default Indices(TTM 10/6/25) (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
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Leveraged Loan Insight & Analysis – 10/6/2025
3Q25 LBO volume down over 34% year over year; Total sponsored volume up nearly 39% US lenders committed almost US$20bn in LBO loan volume in 3Q25, up modestly compared to 2Q25 results (which came in at just under US$13bn) but down 34% year-on-year…. Subscribe to Read MoreAlready a member? Log in here...
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PDI Picks – 10/6/2025
Fundraising puts on a surge in Q3 The Liberation Day announcement put the brakes on capital accumulation in Q2, but it’s come roaring back. Having looked on course for an average year of fundraising at the halfway mark, private debt managers are now on target to have their most fruitful 12 months of the last…
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Chart of the Week: Up and To the Right
Oman’s economy is expected to increase steadily through the end of the decade Source: Statista
Letter From Oman
Our first visit to Oman last week was remarkable in several respects. We were reminded again how regional countries – whether in Europe, Asia, or MENA – can be so similar yet so different. Oman, like Saudi Arabia, Kuwait, Qatar and the UAE, is a monarchy, yet is unique in being a sultanate. It is…
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KBRA Direct Lending Deals: News & Analysis – 9/29/2025
KBRA DLD Default Indices(TTM 9/29/25) (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
LevFin Insights: High-Yield Bond Statistics – 9/29/2025
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Leveraged Loan Insight & Analysis – 9/29/2025
US CLO issuance increases to US$53bn in 3Q, driven by strong MM/PD issuance New-issue US CLO volume amounted to US$53bn in 3Q25 via 106 deals, up 2% from 2Q25’s US$52.1bn and 34% from 3Q24’s US$39.6bn, marking the highest quarter since 4Q24…. Subscribe to Read MoreAlready a member? Log in here...
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Debtwire Middle-Market – 9/29/2025
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.8% as of 26 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
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Covenant Trends – 9/29/2025
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com