Covenant Trends – 9/21/2020
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (All Deals) Contact: Steven Miller
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LevFin Insights: High-Yield Bond Statistics – 9/21/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Leveraged Loan Insight & Analysis – 9/21/2020
Libor floors remain in institutional market, but are shifting lower One of the many effects brought by the pandemic was the precipitous drop in Libor rates, which had already been in a steady decline for a while. The average 3-month Libor rate dropped almost 100bp to an average of 0.58% in 2Q20 and is at…
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Private Debt Intelligence – 9/21/2020
Private Debt-Backed Deals in Europe Despite the impact COVID-19 has had in deal activity, the European private debt-backed deal value has soared in 2020. A total of 79 deals were completed in H1 2020 (vs. 197 in 2019), for an aggregate value of €8.7bn…. Subscribe to Read MoreAlready a member? Log in here...
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Loan Stats at a Glance – 9/21/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
PDI Picks – 9/21/2020
NPLs: Covid-19 creates new round of buying prospects The coronavirus crisis may not be as bountiful for Europe’s NPL investors as the GFC, but will offer select opportunities. Every crisis has its winners and losers and one asset class which came out on top after the global financial crisis in 2008 was European non-performing loans…
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Leveraged Loan Insight & Analysis – 9/14/2020
Middle market non-sponsored sydicated loan volume drops dramatically Middle market completed non-sponsored syndicated loan volume of US$7bn so far in 3Q20 is far behind the US$22bn logged in 3Q19 and is down from an already slow 2Q20. As the economy shut down due to the pandemic, activity in the non-sponsored market was very limited in…
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Private Credit Trends Today
While public markets appear to be headed to more choppiness this fall, private markets are just gearing up. We suspect the same worries bedeviling liquid markets are supporting M&A. As a seller, why not cash in your chips today, rather than risk a reduction in your after-tax proceeds tomorrow? Financings are being issued at a […]