Debtwire

Debtwire Middle-Market – 12/9/2024

Refinancing rockets, new money rises: inside 2024’s institutional loan market The institutional loan market in 2024 has witnessed a dramatic resurgence, marked by a substantial increase in refinancing activity and a notable recovery in new money issuance. With the wave of refinancing appearing to recede, attention turns towards the mergers and acquisitions (M&A) market for…

Debtwire Middle-Market – 12/16/2024

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 10.9% as of 13 December) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Debtwire Middle-Market – 12/2/2024

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 10.9% as of 2 December) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Debtwire Middle-Market – 11/18/2024

Under pressure: leveraged loan defaults are spiking Annual loan defaults are soaring, with this year’s rate of 4.7% surpassing 4.5% seen during the economic slowdown in 2020 triggered by the advent of the pandemic. It also marks the highest default rate since the global financial crisis, when defaults peaked at 10.5%…. Subscribe to Read MoreAlready

Debtwire Middle-Market – 11/11/2024

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 11.2% as of 7 November) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Debtwire Middle-Market – 11/4/2024

Industrial strength: surging volumes and falling costs signal robust 2024 DebtDynamics North America Volumes in the industrials, agriculture, and chemicals sectors have seen a significant surge in the year to date (YTD) compared with 2023, driven by rising industrial demand and falling raw materials costs. Despite geopolitical tensions in the Middle East and China, the…

Debtwire Middle-Market – 10/28/2024

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 11.1% as of 28 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…

Debtwire Middle-Market – 10/14/2024

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 11.3% as of 14 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Debtwire Middle-Market – 10/7/2024

LBOs on the rebound: How leveraged loans are stealing the spotlight from direct lenders in 2024 High interest rates and uncertain market conditions slowed M&A activity among private equity firms in 2023. However, 2024 has seen a resurgence in leveraged buyout (LBO) activity, with many of the largest deals opting for leveraged loans over direct…

Debtwire Middle-Market – 9/30/2024

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% as of 27 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…