Hold times are leveling out Hold times for PE portfolio companies have been steadily creeping upward since about 2009, peaking around five and a half to six year medians…. Subscribe to Read MoreAlready a member? Log in here...
This week we continue our conversation with Barry Bobrow, Managing Director, head of Loan Sales and Syndications, Wells Fargo Capital Finance. Wells Fargo Capital Finance is one of the largest providers of asset-based loans to large, middle market and small companies in the United States. Second of two parts – View part one The Lead Left: How about…
Loan repayments have declined since July 2013, as widening spreads foil issuers looking to cheapen borrowing costs. Source: SEC filings, ratings reports, market sources, S&P/LSTA Index… Subscribe to Read MoreAlready a member? Log in here...
From prehistoric times until 2003, human beings cumulatively created five exobytes of data. That’s five billion gigabytes. We now produce that much information every 48 hours. We send out 100 million emails every minute. Bombarded by this blizzard of bytes, we can’t possibly manage it coherently. What to do? Welcome to the era of content…
European investment grade credit has comfortably outperformed its US counterpart over the past 12 months. Based on the differing fortunes of the respective economies in the two regions, this might seem surprising. But the basis between the Markit iTraxx Europe… Subscribe to Read MoreAlready a member? Log in here...
As managers grapple with possible structures to work within the context of new finalized risk retention rules, the process of amending CLOs that are not Volcker compliant also continues…. Subscribe to Read MoreAlready a member? Log in here...
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
This week we saw the first signs of contagion, albeit tentative, from the impasse in Greece. Spain, where the anti-austerity Podemos party is leading the opinion polls, saw its CDS spreads widen 11bps to 94bps (2003 ISDA definitions), while Italy was 13bps wider at 113bps…. Subscribe to Read MoreAlready a member? Log in here...