Despite continued strong deal flow this month, conditions in the leveraged loan market remain constructive for issuers. Yes, there’s been push-back on specific transactions, as we’ve been highlighting. But cash keeps flowing into retail funds and new CLOs keep ramping. That’s providing more fuel to the broadly syndicated financings fire. The middle market is also…
McDonald’s reported surprisingly strong earnings for the first quarter. An RBC piece last week said the burger giant’s results were driven by better sales in international markets, as well as the addition of value-priced options on its menu. Bank analysts did not mention Don Gorske. The retired prison guard from Fond du Lac, Wisconsin just…
At the start of 2017 spring training, the NY Yankees had a undrafted prospect on their roster named Ruth. Not the Babe, of course, though the coincidence has been noted. “It’s kind of cool to have the same last name,” said Eric Ruth, a 26-year-old pitcher. Interestingly other than the Bambino there have been no…
Maybe it was the high caliber attendees and top-notch panels. Could have been the stellar master of ceremonies and sponsor. Whatever the reason, the Wells Fargo Middle Market BDC CEO Forum may have breathed new life into the leveraged loan industry. Led by Jonathan Bock, this gathering of gurus spent the day discussing the role…