Covenant Trends: Average Leverage Through the Free and Clear Tranche
Contact: Steven Miller smiller@covenantreview.com
Contact: Steven Miller smiller@covenantreview.com
IT Remains a Favorite of PE Firms As private equity activity in the U.S. has slackened, nearly every sector has experienced a decline in overall volume of investments, barring one. Only the information technology sector is seeing a rate of PE dealmaking comparable to that of last year, with 261 closed transactions through the end…
This week we conclude our conversation with Michael Babiarz of Clayton, Dubilier and Rice. Michael is a partner of the firm and been with CD&R since 1990. Second of two parts – View part one The Lead Left: How do you view what’s going on with banks from a regulatory perspective? Michael Babiarz: If you look…
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Private Debt Industry Achieves Greater Fundraising Success in H1 2016 Although private debt fundraising in Q2 2016 has not matched the record levels seen in recent quarters, H1 2016 as a whole has seen a record proportion of funds exceed their initial target size. The period has also seen a diminishing number of funds fail…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get: Review of Current Market Conditions Analysis of Capital Markets Metrics Including Covenants, Pricing, Loan Volume, & Leverage Review of Credit Quality Outlook for Third Quarter 2016
The parlous condition of the European banking system keeps coming back to haunt the global economy, with the latest attack of lurgy coming from Brexit. The UK electorate’s vote to leave the EU has laid bare the weak credit quality of lenders, a state of affairs that needed little revealing. Markit’s iTraxx Senior Financials index,…
Improved market sentiment boost 2Q16 leveraged market; Opportunistic deals resurface The market volatility that emerged at the tail end of 2015 and seeped into 1Q16, eased in 2Q – at least until the Brexit vote – allowing lenders to step back to assess their pipelines against the back drop of a stronger high yield bond…