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LevFin Insights: High-Yield Bond Statistics – 5/18/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Covenant Trends – 5/18/2020
Percentage of Loans with Asset Sale Sweep Step-downs Contact: Steven Miller
Private Debt Intelligence – 5/18/2020
Fund Managers Response to COVID-19 Although fundraising is slowing in the wake of the economic fallout from COVID-19, most alternatives fund managers appear to be staying the course. From a survey conducted by Preqin to fund managers, three-quarters said that they do not plan to change their investment strategy for any active funds as a…
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Debtwire Middle-Market – 5/18/2020
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
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PDI Picks – 5/18/2020
Will coronavirus prompt a new wave of distress? One of the long-term impacts of the global financial crisis was a sharp uptick in non-performing loans as lax underwriting standards prior to the crisis and the global recession that followed created a perfect storm where over-levered borrowers were unable to repay their debts…. Subscribe to Read
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Loan Stats at a Glance – 5/18/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 5/11/2020
Pricing, OIDs also widen for double B issuers in today’s market Pricing for double-B rated issuers has widened significantly this quarter. The average yield, assuming a three-year term to repayment, on first-lien institutional term loans for BB rated issuers is 6.19% so far this quarter, up from a much lower average of 3.94% in 1Q20….
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