LevFin Insights: High-Yield Bond Statistics – 7/29/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Chart of the Week: Stretching for Value
Over half of sponsored transactions are displaying greater than 10x purchase price multiples.
Debtwire Middle-Market – 7/29/2019
Risk premium for second-lien loans widens Source: Debtwire Par The risk premium for second-lien loans has widened in recent months. For borrowers that issued both a first-lien and second-lien loan, the margin differential has climbed to 400bps so far in 3Q19, up from 387bps in 2Q19 and 341bps in 1Q19…. Login to Read More...
Smooth Sailing
“How do you come up with all the ideas for your columns?” That’s a question we frequently hear from readers. Our answer is that we don’t have to come up with them. They present themselves all week, every week. We just watch and listen. Take this week. End of July often involves water-related activities. For…
Loan Stats at a Glance – 7/29/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence – 7/29/2019
Private Debt Dry Powder Falls in Q2 The available capital held by private debt fund managers fell in Q2, reflecting the slower pace of fundraising. Having grown from $278bn at the end of 2018 to $286bn at the end of Q1, dry powder fell to $269bn in the three months to the end of June….
Leveraged Loan Insight & Analysis – 7/22/2019
Deals with no LIBOR floor or 0% floor decline slightly in July Libor rates have been on the decline this year. As of July 24, the 3-month Libor rate was 2.27%, 54bp below its 2018 year-end level. So far in July, the average Libor rate is 2.3% down from 2.51% in 2Q19. And investors might…
