Loan Stats at a Glance – 12/28/2015
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Exactly seven years after the US Federal Reserve (Fed) decided to embark on a zero interest rate policy, the state of the US economy has finally been deemed strong enough to withstand the path towards normalisation. With the 25bps hike wrapped in very cautious forward guidance, financial markets reacted… Login to Read More...
It’s popular sport at loan conferences to kick the mezzanine asset class. After the credit crisis, when some investors in sub debt took a licking, the common theme heard among market players was, “Is Mezz Dead?” Today the refrain is “Is Mezz Still Dead? And yet, in conversations with practitioners, it seems mezz is alive…
This week we chat with Neil Cummings, G. Thomas Stromberg and Richard Levin, partners at Jenner Block, an international firm with offices in Chicago, London, Los Angeles, New York, and Washington D.C. Lead Left: Gentlemen, you have written extensively about the legal issues surrounding the unitranche agreement among lenders. Could you give us a quick…
Leverage for all US corporate issuers is headed to levels where previous default cycles began. Source: The Daily Shot, Bloomberg Finance LP, Datastream, Deutsche Bank
The secondary market continues to come under pressure, with increased differentiation between the so called haves and have-nots. Flow names fell by roughly 100 bps in November and are off another 55 bps so far this month. At a broader market level, multi-quote institutional term loans also fell by around 100 bps in… Login to
Caution Growing Among PE Investors Assessing investor sentiment is always somewhat of a tricky prospect, but one useful heuristic is the extent to which buyers wax optimistic about their most recent deals. In a recent… Login to Read More...