Chart of the Week: SPAC Up the Truck
The value of initial business combinations (IBCs) produced by SPAC IPOs has reached unprecedented levels in 2020.
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Debtwire Middle-Market – 12/14/2020
LBO deal flow drops sharply in 2020; fewer large transactions hits new money loan supply Source: Debtwire Par As we approach the end of 2020, LBO financings have helped boost loan supply this quarter, with syndicated institutional loans backing buyouts climbing to USD 28.7bn, a sharp jump from the USD 8.9bn recorded in 3Q20. Despite…
Covenant Trends – 12/14/2020
Average Unadjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller
LevFin Insights: High-Yield Bond Statistics – 12/14/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 12/14/2020
Will Venture Debt go up in 2021? Venture debt is a type of debt financing provided to venture capital-backed companies by a specialized financier to fund working capital or capital expenses. Fundraising of this strategy has had a pattern of highs and lows in capital raised over the last 10 years…. Login to Read More...
PDI Picks – 12/14/2020
A New Year’s wish: More of the same After a tumultuous year, private debt managers are hoping the strategies that have served them well so far will retain LP support. “Sticking to the knitting” is a phrase beloved of private markets fund managers. What it’s meant to convey is that, when chaos is all around…
Loan Stats at a Glance – 12/14/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
SPACs: Colorful blank checks
For Thanksgiving the noted sommelier and “lifestyle director” Sara Lehman reviewed eleven wines – cabernets, pinot grigios and rosés – all under $10. Selections came from Trader Joe’s (“It’s reminding me of apple juice”), Costco (“Give it a nice swirl first”), and BJ’s (“I’m getting some barnyard”). The winner? Target: “If I were to bring […]