Octus
Q1’26 Yield Walk: Reported to Cash
The number of issuers with nonaccruals maturing through 2028 increased by 4% in Q1’26 BDCs reported annualized income yields of…
Read MorePrivate Equity’s Growing Role in European Lending
The Growing Footprint of Private Equity Activities in European Lending Sponsor-backed activity is reshaping European credit markets, with direct lending…
Read MoreLarge Cap Spreads Widened, Middle Market Held Steady
Spreads Widened Large Cap Deals, Were Relatively Flat for Middle Market Deals
Read MoreCross-BDC Analysis: Adjusted Nonaccruals Reach 2.18%
Cross-BDC Analysis Shows 73 bps of Additional Nonaccrual Exposure at Cost
Read MoreConsumer Discretionary Overtakes Tech in Q4’25 Nonaccruals
Consumer Discretionary Overtakes Information Technology as Top Nonaccruals Sector by Number of Issuers in Q4’25 To request access to the…
Read MoreBDC Q4’25 Nonaccruals
Octus performed a cross-BDC analysis to identify the total cost and fair value of all tranches held across the BDC…
Read MoreBDC Holders by Portfolio Company
Octus analyzed 27 stressed securities across 23 borrowers and found that fair value pricing varied by as much as 40…
Read MoreAmount of PIK Loans Elevated w/ Near Term Maturities
There appears to be very little correlation between loans priced below 90% of par and BDCs’ exposure to loans with…
Read MoreOver One-Third of IT Non-Accruals Were Marked at 25 or Below
Over One-third of the Information Technology Sectors’ Non-Accrual Loans Were Marked at 25 or Below as of Q3’25 Click here…
Read MoreLeverage Rose Across Most Top Sectors; Spreads Tightened Except Healthcare
Leverage Widened QoQ Across the top 5 Sectors Tracked in Q4’25, Except for Business Services; Spreads Tightened for Most Except…
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