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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
For Lenders: What vehicles do you utilize most for your lending activities?
Tranche Launch
An armada of large unitranche financings have sailed into the direct lending market this year.
Unitranche Revisited: A New Series
In October 2015 we published a white paper: “The Unitranche – What it is, and Why it Matters.” In it…
Private Debt Intelligence - 8/9/2021
Europe outraises North America in Q2 [wpdm_package id=’47539′] Globally, both the number of private debt funds in market and the…
Percentage of First Lien Loans with Affected Lender Voting Protection
(Past performance is no guarantee of future results.) Contact: Steven Miller
Loan secondary prices stumble as attention turns to the primary markets
Source: Debtwire Par, Markit The seemingly unrelenting secondary market rally hit a wall in July, with average bids in the…
Reorg Credit Intelligence - 8/9/2021
SVXR Seeks to Sell Assets With Bruker Nano as $11.9M Stalking Horse; Noteholders Do Not Consent to Proposed $2M DIP…
The new era of the supersized loan
A recent financing underlines the ever-larger amounts of capital that the biggest private debt managers are now able to deploy.…
Loan Stats at a Glance - 8/9/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
European Direct Lending: A Look Ahead
As we conclude our European private credit series, let’s review what we’ve learned: Europe suffered a similar Covid slump (and…
2021 Leveraged loan issuance at US$722bn, up 63% YoY
As the delta variant threatens to destabilize US economic activity via a possible 4th wave the leveraged loan pipeline has…
“$2 Billion is the New $1 Billion”: Unitranche Revisited (First of a Series)
In October 2015 we published a series of articles on the unitranche, what we called “one of the most innovative,…
Mega Billions
Volume for unitranche financings slumped at Covid’s onset, but quickly recovered.









“$2 Billion is the New $1 Billion”: Unitranche Revisited (Second of a Series)
According to Refinitiv LPC, US unitranche volume came to almost $22 billion last quarter – the highest level they’ve tracked…