Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored vs. Non-Sponsored (LTM) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Do you expect to meet your lending goals this year? Middle market lenders were asked in a recent LPC survey if they expect to meet their lending goals this year…. Login to Read More...
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Default Rate Rises in Fitch’s U.S. Privately Monitored Corporate Ratings Portfolio Click here to learn more. The default rate for Fitch’s corporate portfolio of U.S. Privately Monitored Ratings (PMR) continues to rise despite better-than-expected resilience and growth of the U.S. economy as issuers continue to struggle with elevated interest rates and impending loan maturities…. Login
Source: PitchBook LCDContact: Ryan Brownryan.brown@pitchbook.com
Some credit managers, in more desperate bids to put idle cash to work, are offering aggressive terms to smaller businesses. Large cap features such as PIK-toggle and cov-lite provide cushions in balance sheets when pro forma interest or fixed charge coverage ratios sink below 1:1. Over the next several weeks, we’ll revisit private credit market […]
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
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 10.3% as of 7 June, down from the highest level in last 12 months of 11.7% in October 2023) that tracks the overall performance…
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
Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com