Chart of the Week – Classified Information
Despite a buoyant economy and favorable interest rate environment, the share of criticized bank loans has not declined…. Subscribe to Read MoreAlready a member? Log in here...
Despite a buoyant economy and favorable interest rate environment, the share of criticized bank loans has not declined…. Subscribe to Read MoreAlready a member? Log in here...
With no compelling reason to close deals by year-end, new loan volume has declined every month since June…. Subscribe to Read MoreAlready a member? Log in here...
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)… Subscribe to Read MoreAlready a member? Log in here...
Cash has exited retail loan funds for months, as investors worry rates will not rise anytime soon. Source: Lipper FMI… Subscribe to Read MoreAlready a member? Log in here...
Reported cash flow growth from publicly filing leveraged loan issuers is improving, but off from immediate post-crisis period…. Subscribe to Read MoreAlready a member? Log in here...
As a pure yield matter, the average BDC has been a significant better play than single-B high yield bonds, with that spread widening…. Subscribe to Read MoreAlready a member? Log in here...
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…. Subscribe to Read MoreAlready a member? Log in here...
A breakout of BDC asset categories shows more first-lien and second-lien investments. Source: Wells Fargo Securities LLC… Subscribe to Read MoreAlready a member? Log in here...
Follow-on equity offerings have been key to BDC’s on-going access to long-term capital. Source: Wells Fargo Securities LLC… Subscribe to Read MoreAlready a member? Log in here...
Business development companies raised more capital since the Great Recession than in all the years preceding it…. Subscribe to Read MoreAlready a member? Log in here...