With no compelling reason to close deals by year-end, new loan volume has declined every month since June…. Login to Read More...

Regulators are zeroing in on high leverage and weak structures as major leveraged loan risks. Sources:  The Fed, FDIC, OCC (Shared National Credits Program (2014 Leveraged Loan Supplement)… Login to Read More...

Cash has exited retail loan funds for months, as investors worry rates will not rise anytime soon. Source: Lipper FMI… Login to Read More...

Reported cash flow growth from publicly filing leveraged loan issuers is improving, but off from immediate post-crisis period…. Login to Read More...

As a pure yield matter, the average BDC has been a significant better play than single-B high yield bonds, with that spread widening…. Login to Read More...

While market values for BDCs have recovered after October’s slump, they remain at a significant discount to both high-yield and leverage loan plays…. Login to Read More...

A breakout of BDC asset categories shows more first-lien and second-lien investments.   Source: Wells Fargo Securities LLC… Login to Read More...

Follow-on equity offerings have been key to BDC’s on-going access to long-term capital.   Source: Wells Fargo Securities LLC… Login to Read More...

Business development companies raised more capital since the Great Recession than in all the years preceding it…. Login to Read More...