TheLeadLeft
Reorg Credit Intelligence – 5/24/2021
Shoe Zone Remains in Rental Term Talks With Landlords After Missed Payments, in Discussion With Suppliers on Delivery Disruption Amid Falling Revenue U.K. retailer Shoe Zone is in negotiations with its landlords to secure better terms after it failed to meet its rental payments. The company is also in talks with its suppliers after experiencing…
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PDI Picks – 5/24/2021
The default story may have another twist Aided by support schemes, many businesses have been protected from the worst effects of the pandemic. But what happens when the support comes to an end? “While we are not out of the woods, we have seen a large number of loans return to performing credits, and we…
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Covenant Trends – 5/24/2021
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Past performance is no guarantee of future results.) Contact: Steven Miller
Loan Stats at a Glance – 5/24/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Benchmarks Compared: BSL and MM
A question came from a reader on our series about the Lincoln Senior Debt Index. She asked: “I’m curious how the benchmark accounts for where the loan is in the cap structure? Recovery rates for unitranche, 1st lien and second lien are different. So any portfolio would have to match the composition to effectively compare […]
LevFin Insights: High-Yield Bond Statistics – 5/17/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Leveraged Loan Insight & Analysis – 5/17/2021
M&A loan volume kicks up in 2Q; WarnerMedia/Discovery provides further boost Both high grade and leveraged loan arranger alluded to the flurry of M&A discussions that had kicked up at the end of 1Q21 and their hopes for a steady pipeline of deals into 2Q. Barely six weeks into the second quarter, nearly US$80bn in…
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The Pulse of Private Equity – 5/17/2021
Institutionalizing sports investing Download PitchBook’s Report here. Buying ownership stakes in professional teams has become a new credential for the most successful investors. A new PitchBook analyst note goes into detail about why that trend may continue, but with an institutional twist. In the last handful of years, the NBA, MLB and MLS have all altered…
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