Debtwire Middle-Market – 5/1/2017

Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield

Listen to the latest edition of the Debtwire Middle Market Junction podcast as Alexander Montano of Roth Capital Partners talks about the post-emergent E&P landscape with Rachel Butt and Jon Berke of Debtwire Middle Market. The discussion centers around how new owners of formerly distressed energy owners are looking to monetize their holdings through asset sales. Click here.

The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index comprises of more than 6000 middle market loans – with 57% senior debt, 30% subordinate debt and 9% equity.