Industrial strength: surging volumes and falling costs signal robust 2024 DebtDynamics North America Volumes in the industrials, agriculture, and chemicals sectors have seen a significant surge in the year to date (YTD) compared with 2023, driven by rising industrial demand and falling raw materials costs. Despite geopolitical tensions in the Middle East and China, the…
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 11.1% as of 28 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…
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 11.3% as of 14 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
LBOs on the rebound: How leveraged loans are stealing the spotlight from direct lenders in 2024 High interest rates and uncertain market conditions slowed M&A activity among private equity firms in 2023. However, 2024 has seen a resurgence in leveraged buyout (LBO) activity, with many of the largest deals opting for leveraged loans over direct…
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 11% as of 27 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…
Shaken and stirred: inflation, wage hikes and tight wallets are sinking restaurants and bars The consumer services sector has seen a significant uptick in Chapter 11 bankruptcies in recent months, driven largely by filings from restaurants and bar companies. A dozen Chapter 11 cases have been filed in the consumer services sector in 2024 year…
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 11.2% as of 12 September, versus 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies…
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 11.1% as of 29 August, versus 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies…
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 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held…
Feeling the pinch: loan margins and OIDs are tightening Despite a slight rebound in June, loan prices – both margins and original issue discounts (OIDs) – have continually tightened this year on the back of a record volume of deals pricing since January thanks to a surfeit of demand from investors…. Subscribe to Read MoreAlready