TheLeadLeft
SPACs – A Primer (Part III)
In the spirit of the season, workers unwrapping the Christmas tree at NYC’s Rockefeller Center last month found a little present. The 75-foot high Norway spruce trucked from Oneanta, NY was sheltering what appeared to be a baby owl. The unusual stowaway turned out to be an adult northern sawhet, one of the smallest species….
Chart of the Week: SPAC Race
SPAC related IPOs are showing higher float rotation on the dates deals are announced.
Covenant Trends – 12/7/2020
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
LevFin Insights: High-Yield Bond Statistics – 12/7/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 12/7/2020
The Rise of ESG in Private Debt Although private equity funds continue to dominate the ESG opportunity set, private debt has found its way to embrace ESG. Since 2011, 450 funds have come to market and $346bn has been raised – but 2020 has been a big year for the asset class…. Subscribe to Read
PDI Picks – 12/7/2020
There may be trouble ahead Investors have taken comfort from private debt’s response to the crisis, but economic turmoil still lies in wait. There are certainly some very different views in the market as to how quickly the next wave of distressed opportunity is likely to materialise. As we have reported previously in Lead Left,…
Debtwire Middle-Market – 12/7/2020
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Loan Stats at a Glance – 12/7/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com