Chart of the Week: Target Prices
Inflation has been quiescent for over a decade, thanks to a weak economy leading into Covid.
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LevFin Insights: High-Yield Bond Statistics – 5/31/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Reorg Credit Intelligence – 5/31/2021
Solutions 30 Seeks New Investor; Stocks Plunge as EY Refuses to Sign Off 2020 Accounts French-listed outsourcing company Solutions 30 is in talks with investment banks as it seeks a new investor. The company said it could be taken private following its recent accounting issue with its auditor EY. The company published its unaudited 2020…
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Private Debt Intelligence – 5/31/2021
Short term returns from private debt turn negative Pandemic support from governments and financial banks helped public equity markets to recover faster and more significantly than expected at the beginning of 2020. This dampened demand for private capital, with returns from private debt facing serious downward pressure over the past year…. Subscribe to Read MoreAlready
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Loan Stats at a Glance – 5/31/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Covenant Trends – 5/31/2021
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller
Inflation Worries: Real or Imagined?
The Federal Reserve is standing firmly behind its view that, despite April’s CPI increase of 4.2%, the highest since 2008, any inflation will be transitory. But some observers worry that pent-up consumerism will create inflation akin to the 1970’s. In a thought piece published last month entitled “Why Our Managers Disagree on Inflation, Interest Rates […]
Leveraged Loan Insight & Analysis – 5/24/2021
US syndicated middle market activity picks up the pace in 2Q21 At over US$26bn through May 19, US syndicated middle market volume is just US$3bn shy of 1Q21’s full quarter level. The big difference maker has been sponsored middle market volume, which totals US$10.6bn in completed volume this quarter, already besting 1Q21’s US$9.8bn level. LBO activity…
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