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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.
May 2020: U.S. Direct Lending UOP
After outpacing M&A add-on activity for the past six months, LBOs fell in May, to a 28% share of direct…
Non-Accruals across lower middle market portfolios rise to 7.5%
Effects of the coronavirus lifted the average non-accrual rate across lower middle market BDC portfolios by 1.7%, to 7.5% in…
April volume retreats as expected, May forecast is weak
Direct lending volume retreated in April, with transactions slipping to 43 from 67 in March, according to Direct Lending Deals.…
Price points emerge in 10% to 11% range for jumbo direct lending loans
Two jumbo direct lending deals surfaced this week— Alnylam Pharmaceuticals and Airbnb —as the first comps to guide new issue…
Monthly LBO lending decelerates, yet 1Q20 finishes strong; Outlook bleak
LBOs decelerated in March, to 47% of monthly U.S. direct lending volume, according to Direct Lending Deals. The drop was…
February new issues soften; March is a guessing game
February’s tally of direct lending loans softened to 57, from 73 in January, according to Direct Lending Deals. The decreased…
DL Deals: ACProducts Deep Dive
KKR Capital Markets used hard call premiums starting at 103 on ACProducts, a B/B2 credit that had more of a…
Lower Middle Market bustled in January
Direct lending deal flow was by far the busiest that Direct Lending Deals has tracked since launching last September. The…
DL Deals Monthly Scorecard: December buyouts swamped volume, lenders closed out 51 transactions
[wpdm_package id=’31357′] Buyouts swamped direct lending activity in December, accounting for 61% of volume, a big leap from the two…
Direct Lending: Add-ons maintain share over buyouts in November
Add-on acquisitions continued to drive financings over buyouts in November, accounting for half the tally, compared to 42% for LBOs,…
