CRC and Chesapeake TLs lead largest losers in falling oil and gas loan prices As oil and gas companies try to weather these tumultuous times, some investors are worried that reduced revenue may push some oil and gas issuers to default on their corporate debt. This concern has been pushing oil and gas loan prices…
This week we’ve been doing bedchecks on our lender friends in the credit markets. We caught up with one long-time practitioner, hanging out in the home office with family (as he put it) in “bathrobes and bunny slippers.” But clearly plugged in. “The capital markets went from price perfection to price combustion,” he told us….
The average bid for the most liquid leverage loans cratered as the effects of the coronavirus have taken hold.
The private markets aren’t immune Download PitchBook’s Report here. Much was made of the “buoyant” nature of the SuperReturn conference earlier this month. The gathering took place just as stocks began stuttering and the opportunity for turnaround artists looked vibrant. Three weeks later, that consensus appears to be shifting as the underlying economy itself shifts…. Subscribe
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…
Private Debt slow to adopt ESG Frameworks In most alternative asset classes, ESG has been the acronym on everyone’s lips, but not so much in the private debt industry. A total of 292 private debt fund managers are signatories to ESG/impact investing frameworks tracked by Preqin…. Subscribe to Read MoreAlready a member? Log in here...
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com