Debtwire Middle-Market – 5/15/2017


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

This month’s edition of the Debtwire Middle Market Junction podcast focuses on the mid-cap supermarket space following the recent bankruptcies of Central Grocers and Marsh Supermarkets. Topics covered include a behind the scenes look on what’s affecting smaller grocers, as well the potential legal ramifications emerging from each space. On the roundtable discussion is Jon Berke and Danielle Randall of Debtwire Middle Market and Debtwire legal analyst Richard Goldman. Click here to listen to the podcast. 

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.