Middle Market Deal Terms at a Glance – Aug 2016
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Contact: Cuong Huynh cuong.huynh@spglobal.com
Spanish engineering firms with exposure in Latin America may not be the most heavily traded segment of the credit markets, but they are certainly proving the most vulnerable. Isolux followed its counterpart Abengoa into default by announcing that it had won credit approval for a €2bn debt restructuring on July 28, and a bankruptcy credit…
Fed Survey: 10% of banks reported tightening terms The majority of banks surveyed reported little change in the last three months with only one domestic bank reporting easing terms to larger firms, according to the latest Federal Reserve Senior Loan Officer Opinion Survey. This is down from 13%… Subscribe to Read MoreAlready a member? Log
Contact: Steven Miller smiller@covenantreview.com
Xavier University announced last week the installation of the nation’s first pizza ATM. The $55,000 machine’s capacity is 300 medium-sized pies a day, with orders taking three minutes from refrigerator to cardboard box serving. Preparation for the dining hall staff consisted of “40 hours of training each from a French chef.” Besides restoring our faith…
PE Buyers Are Still Not Taking Public Cos. Private Through the end of June, financial sponsors accounted for only 23% of all take-privates in North America and Europe. This isn’t necessarily a result of the overall incidence of take-privates… Subscribe to Read MoreAlready a member? Log in here...
The pipeline for large corporate institutional deals may finally catch up to last year’s levels, after being behind almost all year. Source: Thomson Reuters LPC
North America-Focused Fundraising Falls Sharply in 2016 North America has long been the epicentre of the private debt market, with the largest proportion of fund managers and investors based in the region, and by far the largest proportion of capital raised being focused on investment opportunities there. This reflects the size… Subscribe to Read MoreAlready
Liquidity and Credit Appetite/ Middle Market Pricing and Leverage/ BDCs and Middle Market CLOs/ 2016 Predictions and Trends