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Select Deals in the Market – 5/13/2019
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US Asset-Based Lending Market Size
Click here to download CFA’s The 2019 Secured Finance Market Sizing & Impact Study DOWNLOAD REPORT US ABL Market Total ABL commitments by US lenders were about $465 billion in 2018 and are expected to grow in the range of 6%–7% in 2019, as new ABL commitments continue to outpace run-off. About $164 billion of […]
Emotional Support Loans
A beluga whale was found last week in the Arctic Ocean off the northern Norwegian coast. Otherwise not an unusual event, but this particular cetacean wore a harness. Its proximity to Russia sparked rumors the animal had been recruited as a spy. Another theory, however, soon surfaced. Some surmised “Hvaldimir” was an escapee from a…
Middle Market Deal Terms at a Glance – May 2019
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
PDI Picks – 5/13/2019
When junior debt fundraising comes out on top The lack of mid-market mezzanine opportunities has likely caused the size of mezzanine funds to grow faster than senior debt vehicles. Fewer firms are raising a greater portion of all private debt capital, but this stands out to be particularly true in mezzanine debt. Junior loan funds…
LevFin Insights: High-Yield Bond Statistics – 5/13/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Covenant Trends – 5/13/2019
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Debtwire Middle-Market – 5/13/2019
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…
Loan Stats at a Glance – 5/13/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com