Covenant Trends – 11/30/2020
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
TheLeadLeft
LevFin Insights: High-Yield Bond Statistics – 11/30/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 11/30/2020
Investors Plans for Their Allocation to Private Debt by 2025 In August 2020, Preqin ran a survey among investors to know their investment plans towards 2025. Of the private debt investors surveyed, 58% intend to increase allocations to the asset class by 2025, 14% of them plan to increase significantly their allocations…. Subscribe to Read
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Chart of the Week: SPACtator Sport
The number of special purpose acquisition company filings have ramped up sharply.
SPACs – A Primer (Part II)
Just before Thanksgiving a faithful reader alerted us to an article from Business Insider [link]. In it noted sommelier and “lifestyle director” Sara Lehman reviewed eleven wines – cabernets, pinot grigios and rosés – all under $10. Among selections including Trader Joe’s (“It’s reminding me of apple juice”), Costco (“Give it a nice swirl first”),…
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Special Report: COVID-19 and M&A Activity
Beginning in July 2020 The Lead Left published a series of articles on COVID-impacted deal flow. This report consolidates those articles.
PDI Picks – 11/30/2020
Breaking the covenant Two recent surveys have shed light on the issue of covenant breaches, and how managers are responding to them. With the number of covenants in deals having declined markedly in recent years, there has been some doubt as to whether even a sharp downturn would be accompanied by a significant rise in…
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