Commentary
Safe Landing
While most Americans were in the midst of Thanksgiving preparations last week, Amazon founder Jeff Bezos was making space history.…
Read MoreReport from the Front
Valentine’s Day is still months away, but for early planners we pass along the following: The world’s second largest diamond…
Read MoreDown the Home Stretch
Our thoughts are with our friends in Paris this week, as events prove again our world can be a troubling…
Read MoreThe State of the Broadly Syndicated Loan Market
“Investors Turn Sour on Risky Deal Debt. So read a front page WSJ headline this past Monday. The thesis of…
Read MoreThe Unitranche – What it is, and Why it Matters (Last of a Series)
This week we wrap up our unitranche series by asking the $64,000 question that always surfaces in discussions about the…
Read MoreThe Unitranche – What it is, and Why it Matters (Fourth of a Series)
There are two kinds of unitranche providers. Both provide the entire financing to the borrower at a given spread in…
Read MoreThe Unitranche – What it is, and Why it Matters (Third of a Series)
So far in our unitranche series we’ve examined the structural variations of this increasingly popular financing tool for leveraged lenders…
Read MoreThe Unitranche – What it is, and Why it Matters (Second of a Series)
A senior risk officer we know read with interest the first of our multi-part series on the unitranche product [link].…
Read MoreThe Unitranche – What it is, and Why it Matters (First of a Series)
As with all great capital market innovations – price flex, CLOs, and second-lien term loans – the unitranche seems obvious in hindsight.…
Read MoreWhy Volatility Matters (Last of a Series)
With the passing of Yogi Berra, the position of sports legend/philosopher is now vacant. While no obvious candidates have stepped…
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