Survey: Where are we in the credit cycle? Thirty-nine percent of buyside and sellside institutions in the room at Fitch Ratings and Thomson Reuters LPC’s Loan & CLO Conference last Thursday felt that we are already headed into a correction and in the late stages of the credit cycle, up from just 4% in both…
Contact: Steven Miller smiller@covenantreview.com
The larger the borrower size, the more time lenders allow companies to realize synergies, and the greater the Ebitda adjustments. Source: Covenant Review
This week we chat with Jessica Reiss and Justin Forlenza, attorneys with Covenant Review. Begun in 2006, Covenant Review is the world’s first boutique research firm focused on bond and loan covenants. The Lead Left: It’s been a while since we first featured Covenant Review. Give us an update. Justin Forlenza: We’re an independent…
By the time you read this, the UK will be voting on its long-awaited referendum on whether or not to leave the EU. Polls show the contest too close to call. Whether “Remain” or “Leave” prevails, the Brexit outcome will undoubtedly impact international politics and the global economy for years to come. Despite turmoil in the…
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Closing times indicate divergence in company quality In the first quarter of 2016, most private equity transactions still took between 10 and 14 weeks to close, accounting for 31% of deals completed during that timeframe. However, as illustrated above, the portion of deals that closed in 15 to 20 weeks shot up to near 25%…
Private Debt Dry Powder: Regional Contrasts The amount of capital available to private debt fund managers varies hugely in different parts of the world. In H1 2016, managers focusing on North America and Asia have both seen dry powder reach record levels, while Europe-focused… Subscribe to Read MoreAlready a member? Log in here...
Contact: Timothy Stubbs timothy.stubbs@spglobal.com