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Leveraged Loan Insight & Analysis - 3/23/2020

BDC share prices rally after plummeting to below 0.4x book value earlier in week BDC share prices rallied on Thursday following the coronavirus relief bill cleared by the U.S. Senate.  At the start of the week, BDCs were brought back to their darkest days of The Great Financial crisis with average BDC share price-to-book value

The Great Stay-In (Third of a Series)

“The three main U.S. stock indices closed at record highs as concerns over the coronavirus outbreak’s economic impact seemed to fade.” – Barron’s, February 12, 2020. Perhaps not the “Dewey Beats Truman” of media misreads, but this quote reflected widely shared sentiments among market participants. “Can anything stop this rally?” the columnist went on to

The Pulse of Private Equity – 3/23/2020

Competing interests for private equity Download PitchBook’s Report here. Private equity has lots of money at the ready—the question is what they will use it for. In the months ahead, investors will be looking at an unprecedented opportunity to buy. On the other hand, they’re also in very familiar territory of keeping their current crop of

Debtwire Middle-Market – 3/23/2020

Oil & gas loan prices plummet 32 points amid coronavirus, oil price crash Source: Debtwire Par, Markit The weighted average bid for term loans issued by oil & gas sector borrowers has plummeted by roughly 32 points to 49.36 between 21 February and 23 March, exceeding the drop in the overall market, which has declined