Commentary
Déjà View
Another year, another fruitcake article. This one from last Thursday’s WSJ. Long-distance hikers are the latest consumer market niche to…
Read MoreThe Creditors’ Ball
The Who’s Who of leveraged finance showed up for the Wells Fargo Investment Thought Leadership Forum at the Plaza Hotel…
Read MoreGrinding it Out
Last week’s feature on Hershey PA proved to be one of our more popular commentaries. Several faithful Lead Lefters recounted…
Read MoreSweet Success
Thanksgiving weekend included this family’s first trip to Hershey, Pa. For three little girls HersheyPark and Chocolate World were candy-coated…
Read MoreState of the Loan Market (Last of a Series)
In what was the highest price ever paid for a painting, Leonardo da Vinci’s “Salvator Mundi” sold last week for…
Read MoreState of the Loan Market (Third of a Series)
Besides the Annual LSTA Conference, the other recent industry gathering of note was the Creditflux CLO Conference in NY. The…
Read MoreState of the Loan Market (Second of a Series)
The backdrop for US credit got a boost from several corners last week. First, the nomination of Jerome Powell to…
Read MoreState of the Loan Market (First of a Series)
The French are running out of butter. C’est impossible! Bad weather, falling milk production, and revived global demand for the…
Read MoreSpot-lite on Cov-lite (Final of a Series)
Blame it on the Vikings. When those ancient Scandinavians settled Iceland around 870 AD, they cut down most of the…
Read MoreSpot-lite on Cov-lite (Third of a Series)
The notion that covenant-lite loans are bestowed on only the best and brightest borrowers has been pretty banged up. Cov-lite…
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