SVXR Seeks to Sell Assets With Bruker Nano as $11.9M Stalking Horse; Noteholders Do Not Consent to Proposed $2M DIP Financing SVXR, a San Jose, Calif.-based developer and manufacturer of high-resolution, automated x-ray inspection and metrology equipment for the semiconductor and advanced-electronics markets, filed for chapter 11 protection on Wednesday, Aug. 4, in the Bankruptcy…
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. When Ares Management announced a loan to RSK Group, the UK-based environmental and engineering business, earlier this week, most of the attention was focused on the sustainability angle….
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
As we conclude our European private credit series, let’s review what we’ve learned: Europe suffered a similar Covid slump (and enjoyed a similar rebound) as the US. Deal volumes are at record highs. Europe retained the country-by-country distinctions they had pre-Covid. Pricing in the US and across the pond is close. Though European upfront fees […]
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
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 seen an uptick as issuers move to bring deals to market before Labor Day. Over US$224bn of leveraged deals hit the pipeline in July, of which US$66.3bn…
In October 2015 we published a series of articles on the unitranche, what we called “one of the most innovative, and increasingly popular, financing tools in the middle market.” Those commentaries were consolidated into a white paper: “The Unitranche – What it is, and Why it Matters.”. In that white paper we covered the history…
Volume for unitranche financings slumped at Covid’s onset, but quickly recovered.
