Big Surprise

Attendees at last week’s Fitch/LPC Loan and CLO Conference said Fed’s rate inaction was most surprising market news so far…

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Cov-Like

Almost two-thirds of middle market leveraged loans have two or more maintenance covenants; only 2.5% of middle market loans are…

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EU-Turn

Thanks to Brexit, market watchers now think the probability of a Fed rate cut this year outweighs that of a…

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Large Cap Largesse

The larger the borrower size, the more time lenders allow companies to realize synergies, and the greater the Ebitda adjustments.…

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Round the Horn

US interest rate policy is captured in a feedback loop as Fed lets exogenous worries undermine future action. Source: BofA…

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Running Off

Almost two-thirds of all US CLO vehicles exit their reinvestment periods during 2017-19, leaving demand gap. US CLOs outstanding by…

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Buyout Bottom?

Middle market and large cap LBOs totaled thirteen so far this quarter; there were sixty for 2Q 2015. Source: Thomson…

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Pipeline Pique

With one month of the second quarter behind us, the forward calendar for all syndicated loans remains below last year’s…

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