Loan Stats at a Glance – 7/15/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Coney Island was the scene last Thursday of Nathan’s Annual July Fourth hot dog eating contest. For the 12th time in 13 years the men’s champion was Joey “Jaws” Chestnut. He downed 71 franks and buns – not his personal best, but far ahead of the second-place finisher (50). The top woman, Miki Sudo (31),…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
Syndicated MM sponsored lending volume reached $13.6bn in 2Q19 Syndicated middle market sponsored lending volume improved somewhat in the second quarter, but not nearly enough to match 2017-2018 levels. Issuance grew 10% quarter over quarter to US$13.61bn in 2Q19, but was still over 40% lower than 2Q18 levels. The lack of refinancing actvity was the…
Private Debt Fundraising Slump Continues in Q2 2019 Private debt fundraising slowed in Q1 2019, with a fall in both the number of funds closed (32) and the total capital secured ($24bn). That slowdown continued in Q2, continuing the decline seen in fundraising since the most recent peak in Q2 2018. Just 29 funds reached…
Private credit and a different view on economic conditions Concern over the economy often relates to worries over a recession or correction. Private debt managers, however, may fear things becoming too good. Private fund chief financial officers fear that the economic environment could be the main barrier to achieving their goals this year, according to…