Loan Stats at a Glance – 1/4/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
TheLeadLeft
The Pulse of Private Equity – 12/14/2020
Middle market rebound in Q3 PE activity saw a healthy rebound in Q3, which was expected, according to PitchBook’s just-released Q3 Middle Market Report. An estimated $115.6 billion was invested last quarter, a 66% jump over Q2’s disastrous $69.6 billion tally. Volume also reversed course, with 711 transactions in Q3 and a 50% increase over…
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SPACSs: Weighing the Benefits
Workers unwrapping the Christmas tree at Rockefeller Center last month found a little present. The 75-foot high Norway spruce from Oneanta, NY was sheltering what appeared to be a baby owl. The stowaway turned out to be an adult northern sawhet that hid in the branches until it was discovered. No word whether “Rocky” planned […]
Leveraged Loan Insight & Analysis – 12/14/2020
Libor floors remain in institutional market, but are lower in 4Q20 As the Libor rate remains at low levels, investors continue to demand Libor floors in the institutional market. The average 3-month Libor rate is at an average of 0.22% so far in 4Q20, this is down from 0.25% in 3Q20 and is roughly 130bp…
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SPACs – A Primer (Last of a Series)
As we wrap up our special series on SPACs, let’s take a look at the performance of these vehicles over time. Early last year, as SPACs began their rise in popularity, the WSJ reported of those that IPO’ed in 2015 and 2016, over 50% “were trading below their IPO price.” Performance of SPACs in the…
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Chart of the Week: SPAC Up the Truck
The value of initial business combinations (IBCs) produced by SPAC IPOs has reached unprecedented levels in 2020.
Debtwire Middle-Market – 12/14/2020
LBO deal flow drops sharply in 2020; fewer large transactions hits new money loan supply Source: Debtwire Par As we approach the end of 2020, LBO financings have helped boost loan supply this quarter, with syndicated institutional loans backing buyouts climbing to USD 28.7bn, a sharp jump from the USD 8.9bn recorded in 3Q20. Despite…
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