This week we continue our conversation with John Brignola, managing partner, LBC Credit Partners. LBC is a leading provider of middle market financing solutions supporting sponsored and non-sponsored transactions. LBC has over $1.75 billion of capital commitments and has made over $3.2 billion in investments in a wide range of industries located throughout North America. Second…
Seller friendly market conditions have spawned a revival of dividend recaps, though volume is still short of the comparable period two years ago.
Secondary buyouts are down by value but consistent by volume. With news of First Data going public, it’s worth remembering how few 2006-2008 PE investments ended up transferring to other PE sponsors, at least $10B+ companies. Realistically, those buyouts needed to be exited via IPOs or, in some cases, through… Subscribe to Read MoreAlready a
2Q15 ABL volume at lowest level in nearly 2 years; 1H15 total down 17% y-o-y ABL volume tumbled in 2Q15 to close out the period at just over $18 billion, the lowest quarterly volume results since 3Q13. 1H15 issuance settled at $38.5 billion, a drop of nearly 17% compared to the year ago period…. Subscribe
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
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Greece’s position as the dominant driver of market sentiment has been unassailable in recent months. But there may be a hiatus if an agreement is reached on bridging finance for Greece, potentially leaving room for another theme to shape credit spread direction. If Greece does become a secondary consideration – and that is a very big…
Who knew such a mundane topic as revolving credits could stir up such passions? Based on our TLL mail bag, readers have very definite opinions about how banks (and borrowers) are coping with the shifting regulatory climate related to these otherwise innocuous financing mechanisms. As we discussed last week, the crack-down on “risky loans” has…