LBO volume is strong in 2014, already reaching $47 billion in 1H14 with a significant amount of deal volume in the pipeline. As private equity backed buyout activity accelerates, leverage levels have too…. Login to Read More...
They’re big, they’re bad, and now that they’re back, the end of the world is upon us. No, we’re not referring to the latest Transformers instalment: Age of Extinction.Though we’re compelled to point out that seems an equally appropriate headline for the obituary so many market observers seem eager to write about CLOs’ demise-by-Dodd-Frank. But just as…
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
Credit spreads remain close to their recent tight levels, but the onset of earnings season could trigger a shift in sentiment…. Login to Read More...
Treble Ahead New providers of triple-A CLO liabilities are expected to help tighten spreads to 135-140 bps by year-end. Beyond that, uncertainty on vehicle structures could reverse that trend…. Login to Read More...
This week we speak with Scott Gluck, counsel at Venable LLP. Venable is a law firm with 600 attorneys in nine US offices. Scott assists private equity funds on a variety of corporate, legislative and regulatory matters. The Lead Left: Scott, tell us about your role at Venable. Scott Gluck: Thanks, Randy. My practice focuses on federal government…
We have been pointing out the growing increase in Add-on activity for years, but it only continues to go up to new levels – so we will keep talking about it. In the first half of this year… Login to Read More...
At $244 billion, 2Q14 leveraged loan issuance was down 14 percent from 1Q14 levels and a much higher 31 percent year-over-year. And for 1H14, leveraged lending of $527 billion… Login to Read More...
High-yield bond issuance in Europe has outpaced leveraged loan issuance so far in 2014, inverting a trend that has stood firm in Europe for decades. High-yield bond issuance in Europe has hit $131.8 billion… Login to Read More...