Covenant Trends – 11/16/2020
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
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Debtwire Middle-Market – 11/16/2020
Vaccine hope and election results impact the secondary markets Source: Debtwire Par Leveraged loan and high yield bond secondary markets saw an uptick in volatility ahead of the US General Election, with term loans posting a 61bps decline in weighted average bids in the 26 October to 2 November time frame and high yield bonds…
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LevFin Insights: High-Yield Bond Statistics – 11/16/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 11/16/2020
Fund Manager Views on the Importance of Debt Lenders in the Next Five Years Private debt firms have stepped into a gap left by banks after the Global Financial Crisis and are focused on lower-risk credits. More than 30% of fund managers surveyed by Preqin for Future of Alternatives 2025 believe banks will be less…
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PDI Picks – 11/16/2020
The pain is yet to come Plenty of capital has been raised in anticipation of a distressed opportunity that may take a while to materialise. Distressed debt has been a major focus for investors in recent years, as can be seen from our chart above. Although fundraising this year has been dealt a setback by…
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Loan Stats at a Glance – 11/16/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 11/9/2020
LBO leverage multiples stay aggressive in 4Q20 After remaining extremely light the past two quarters, LBO activity has picked up, as private equity sponsors are putting more money to work. Through the end of last week, there was US$16.5bn in completed US LBO volume, 19% higher than year-ago levels…. Subscribe to Read MoreAlready a member?
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Post Election: Markets March On
Given all that’s gone on this year, it’s unsurprising that Election Day came and went, with only a big “TBD” to show for it. Results now are mostly in, but this uncertainty had little impact on the capital markets. The S&P had its best week since April and bond yields sank only mildly. As is […]