TheLeadLeft

Markit Recap – 11/27/2017

iTraxx Crossover underperforming? Here in the UK there is no end of doom and gloom about Brexit and the state of the economy. One could be forgiven for approaching the end of 2017 in a bleak mood. But the European investment grade market appears immune to this despondency; indeed, we are going into year-end in…

Leveraged Loan Insight & Analysis - 11/27/2017

Middle Market LBO issuance hits post credit crisis high at $24B Despite lenders complaining of a supply demand imbalance for most of the year, middle market LBO issuance is actually quite robust in 2017. Year to date, syndicated middle market LBO loan issuance has already reached US$24.2B, the highest level tracked post credit crisis and…

Debtwire Middle-Market – 11/27/2017

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 comprises of more…