Covenant Trends – 5/3/2021
Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller
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Reorg Credit Intelligence – 5/3/2021
Secure Home Holdings Plan to Hand Equity to 1L Lenders Secure Home Holdings LLC and various affiliates, including My Alarm Center LLC, which provides security and smart home automation to residential and small-business customers throughout the United States, and ACA Security Systems LP, a customized home security services provider provider, filed for chapter 11 protection…
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PDI Picks – 5/3/2021
Can Europe close the fundraising gap? Our fundraising data show North America pulling clear as the favourite investor destination. However, Europe’s relative decline may not be long-lasting. Over the last couple of weeks in this column, we have reflected on a couple of the key themes arising from our Q1 2021 fundraising data. The first…
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Loan Stats at a Glance – 5/3/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
CLOs: Risks and Opportunities
News reached us from Mars of the first powered Earth aircraft to fly on another planet. Ingenuity, a helicopter with four foot wide blades (and carrying a small swatch from the original Wright Brothers bi-plane), hovered at ten feet for 30 seconds then came back down. “What the Ingenuity team has done,” a NASA official […]
Leveraged Loan Insight & Analysis – 4/26/2021
Robust loan fund flows in April top US$4bn Loan mutual funds recorded US$1.06bn in inflows last week, its third consecutive week of US$1bn+ inflows and 15th consecutive week of positive flows, according to data from Refinitiv Lipper. April’s results follow 1Q21 volume of US$14.074bn, the highest quarterly total since 3Q13…. Subscribe to Read MoreAlready a
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The Lincoln Senior Debt Index (First of Three Parts)
Back in January we featured content from Lincoln International’s Valuations and Opinion team [link]. Topics included Covid’s impact on private credit terms, structures and pricing. Shortly thereafter the team reached out to road test a loan index created from Lincoln’s quarterly valuations of 2,400 private companies. Metrics included total return, price, spread, and yield to…
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Chart of the Week: Relatively Speaking
Returns for middle market loans are less volatile than their BSL counterparts, and higher, on average.
Reorg Credit Intelligence – 4/26/2021
Liberty Power Holdings LLC bankruptcy filing Liberty Power Holdings LLC, a Fort Lauderdale, Fla.-based retail electricity provider servicing 14 states, filed for chapter 11 protection on Tuesday, April 21, in the Bankruptcy Court for the Southern District of Florida as the latest victim of severe wholesale electricity price hikes by the Electric Reliability Council of…
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