Chart of the Week

Chart of the Week: Refi Madness

The reversal of refinancings between direct lenders and the liquid market is dramatic. Source: PitchBook LCD(Past performance is no guarantee of future results.)

Chart of the Week: Vehicle Sales

New CLO formation so far in 2024 has been the second fastest start ever. Source: PitchBook LCD (Past performance is no guarantee of future results.)

Chart of the Week: Larger for Longer

Echoing dynamics in the loan market, corporate debt maturities have lengthened. Source: Bloomberg, Goldman Sachs Global Investment Research(Past performance is no guarantee of future results.)

Chart of the Week: Four More Years

The bulk of private debt doesn’t start maturing until 2027, peaking in 2028. Source: KBRA DLD(Past performance is no guarantee of future results.)

Chart of the Week: Cliff Notes

Less than 20% of institutional leveraged loans come due in the next three years. Source: PitchBook LCD, Morningstar LSTA US Leveraged Loan Index(Past performance is no guarantee of future results.)

Chart of the Week: Buy and Cellar

With higher rates creating financing and valuation challenges, M&A has plummeted. Source: PitchBook(Past performance is no guarantee of future results.)