Select Deals in the Market – 2/15/2016
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Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
European credit markets, led by the banking sector, have seen risk escalate over the past several weeks with the Markit iTraxx Europe Main index seeing it’s spread widen to June 2013 highs. One relative bright spot however, has been the region’s sovereign credit, which has largely steered clear of the contagion developed in the corporate…
Despite hopes that 2016 would start off on stronger footing than 2015 closed, market volatility intensified in January. The Merrill Lynch HY Cash Pay Bond Index continued to demonstrate substantial downward pressure driven by macro volatility rooted in global growth prospects. Average bids hovered south of 86.5 by the end of last month, down from 89.16…
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
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If you want to know what middle debt investors are thinking, why not ask them? This novel concept was rolled out simultaneously last week by two experienced middle market practitioners in the form of questionnaires. We thought it would be instructive to give you a sense of what the respondents had to say. The first…
The pipeline for institutional middle market loans is off to a slower start compared to last year, as sellers take a “wait-and-see” attitude on deal appetite. Source: Thomson Reuters LPC