Loan Stats at a Glance – 7/24/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
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Middle Market Deal Terms at a Glance – July 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Markit Recap – 7/17/2017
Senior Financials dips below 50bps Few would question the supportive role Mario Draghi has played over the last six years. Under his presidency, the ECB quickly reversed the ill-advised rate hikes in 2011 and subsequently loosened policy – the refinancing rate has been at or close to zero since 2014…. Subscribe to Read MoreAlready a
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Covenant Trends – Percentage of Loans with Sunset, Sponsored vs. Public
Contact: Steven Miller smiller@covenantreview
Private Debt Intelligence – 7/17/2017
Direct Lending Drives Private Debt Fundraising Market Following the record private debt fundraising seen in Q4 2016, during which 51 funds reached a final close, the number of funds in market seeking investment stood at 293 at that start of 2017. Further robust fundraising in Q1 saw this number fall slightly to 283 at the…
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Debtwire Middle-Market – 7/17/2017
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 – 7/17/2017
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Leveraged Loan Insight & Analysis – 7/17/2017
Primary leveraged yields widen in July Average yields have increased across the board so far in July, more so for lower rated issuers. The average yield, assuming a three-year term to repayment on first-lien institutional term loans is 5.79% for B-rated issuers so far in 3Q17…. Subscribe to Read MoreAlready a member? Log in here...
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How Big is the Middle Market? (First of a Series)
As great mysteries of life go, it’s not quite in the same category as what’s the universe made of, how does gravity work, or what ever happened to tan M&Ms. But for those who make it our career home, one of the most often-asked and vexing questions over the years has been, how big is…
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