Debtwire

Debtwire Middle-Market – 5/20/2024

Shutting up shop: post-pandemic retail sector restructurings continue The COVID-19 pandemic triggered a significant transformation of the US retail landscape, fueling a dramatic shift in consumer behavior…. Login to Read More...

Debtwire Middle-Market – 5/13/2024

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.5% as of 10 May, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…

Debtwire Middle-Market – 5/6/2024

Drowning in debt: TMT sector braces for wave of Chapter 11 filings Since 1Q23, the number of bankruptcy applications from TMT firms has been relatively moderate. However, according to Likely-To-Distress (LTD) rankings powered by Debtwire’s NextGen data, there are currently 23 companies in distress and some 57 more in the stressed universe, all facing issues with liquidity,…

Debtwire Middle-Market – 4/29/2024

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.7% as of 26 April, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…

Debtwire Middle-Market – 4/22/2024

Drowning in debt: TMT sector braces for wave of Chapter 11 filings Signs emerged last week in the US of difficult times ahead, as 10 companies filed for Chapter 11 bankruptcy protection, including four in the technology, media and telecoms (TMT) sector. The activity marked a step up from 1Q24, which saw three Chapter 11 filings by other…

Debtwire Middle-Market – 4/15/2024

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.9% as of 11 April, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…

Debtwire Middle-Market – 4/8/2024

Healthcare companies made up 36% of all Chapter 11 filings in 1Q24 Source: Debtwire Restructuring Database A guide to distress in healthcare Overall, during the first quarter of 2024, there were 35 Chapter 11 applications for total debt of USD 15.4bn, of which 12 were healthcare companies, or 36% of all Chapter 11 filings, per Debtwire’s Restructuring Database….

Debtwire Middle-Market – 4/1/2024

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.4% as of 28 March, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…

Debtwire Middle-Market – 3/25/2024

Healthcare is generating significant numbers of restructuring cases A guide to distress in healthcare The US healthcare sector has been beset by malaise in recent months, with the number of restructuring cases lurching to 49 in 2023 from 23 the previous year. Prospects show little sign of improving in 2024, with a dozen Chapter 11 cases…

Debtwire Middle-Market – 3/18/2024

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.7% as of 15 March, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…