LevFin Insights: High-Yield Bond Statistics – 6/17/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Chart of the Week: Face Time
The share of financings with a covenant requiring a management meeting rose last year.
Covenantive Easing (Last of a Series)
As we wrap up our special series on how credit agreement terms are eroding, we asked our distinguished team of lawyers from Morgan Lewis: What should we expect, as issuers and credit providers, to come up in deals with financial covenants? “Financial maintenance covenants are often included in loan documents, even in larger deals,” said…
PDI Picks – 6/17/2019
AUM growth expectations at odds with consolidation trend Many private markets managers expect rapid growth in the coming years, but some of those optimistic firms may find themselves being bought – just ask some BDC managers. One of the marquee stories in the finance world post-global financial crisis has been the rise of alternative assets….
Debtwire Middle-Market – 6/17/2019
Add-on financings claim larger share of institutional loan market in 2019 Source: Debtwire Par Add-on financings have claimed a larger share of the institutional loan market this year, representing 15% of issuance so far in 2019, up from 12% in 2018 and 6% in 2017…. Login to Read More...
Loan Stats at a Glance – 6/17/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Select Deals in the Market – 6/10/2019
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Leveraged Loan Insight & Analysis – 6/10/2019
Loan mutual fund AUM continued to decline, ending May at US$137bn Loan retail outflows sent the AUM (market value) for loan mutual funds & ETFs lower to US$137.7bn as of the end of May, a decline of US$1.92bn or -1.4% month on month, and US$9.9bn or -7% since the beginning of the year. Loan funds’…