LevFin Insights: High-Yield Bond Statistics – 10/26/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Debtwire Middle-Market – 10/26/2020
Dividend financings see a resurgence within opportunistic loan market Source: Debtwire Par Following several months defined by a lack of new loan supply, opportunistic deals have begun to flood the market as borrowers and sponsors alike capitalize on investor appetite for paper. Since returning to the market in July, dividend recapitalization transactions have steadily gained…
Private Debt Intelligence – 10/26/2020
Private Debt Performance Private debt has proven to deliver stable returns in the longer-term (three years plus). Across all strategies, 5-years to March horizon IRRs, mezzanine funds have the strongest returns (7.6%), making the overall private debt returns of 5.1%…. Login to Read More...
Canards in the Coal Mine
According to the National Retail Federation some 150 million US adults will “participate in Halloween-related activities.” Digging deeper into the data, 53% will decorate their homes, 46% have pumpkin-carving plans, and 18% will “dress up their pet.” Recognizing some animals are more receptive to costuming than others, having one in five Americans squeezing Fidos into…
Chart of the Week: Devalue Proposition
Purchase prices as multiples of borrower ebitda have slumped this year across the middle market.
PDI Picks – 10/26/2020
Refinancings to the fore It’s one way in which private debt is changing as a result of the global health crisis. With parts of the world seemingly going through a second wave of the coronavirus, it’s difficult to accurately predict how the asset class will develop over the coming years. But some pointers are beginning…
Covenant Trends – 10/26/2020
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
Loan Stats at a Glance – 10/26/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com