Covenant Trends – 11/13/2017
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA M&A-Related Deals Contact: Steven Miller
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Debtwire Middle-Market – 11/13/2017
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…
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Select Deals in the Market – 11/13/2017
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Middle Market Deal Terms at a Glance – November 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Lead Left Interview – Daniel Winick & Andrew Young
This week we chat with Daniel Winick, a partner in the banking and finance group of Clifford Chance US LLP, and Andrew Young, a senior associate in the same group. Their practice includes representing sponsors, corporates, lenders and participants in multijurisdictional leveraged and other finance transactions. Clifford Chance is a multinational law firm that is…
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Private Debt Intelligence – 11/13/2017
Direct Lending Sees Record Fundraising Private debt fund managers have experienced increased fundraising success, and the direct lending industry has especially benefitted from high levels of fundraising activity in recent years. Direct lending has already seen record fundraising levels in 2017, and aggregate capital raised in the year has already surpassed the capital raised in…
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Loan Stats at a Glance – 11/13/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Select Deals in the Market – 11/6/2017
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