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Principal maturities by year: Q2’26 vs Q1’26 ($mil)
Maturities of loans switching to at least partial PIK tends to be longer-dated than Octus’ other stress trackers: nonaccrual and fair value write-down reports.
US broadly syndicated loan CLO defaults in 3Q26 driven by distressed debt exchanges
Out of court restructurings drove nearly all default activity within Fitch-rated U.S. broadly syndicated loan (BSL) CLO portfolios in 3Q26, Fitch Ratings says.
Rafay Farooqui on the digitization, tokenization, and AI of private credit
A conversation with Rafay Farooqui, Founder and CEO of SUBSCRIBE.
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About Churchill
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to U.S. middle market private equity firms and their portfolio companies across the capital structure. With $66 billion of committed capital, the firm provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments.
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With inflation running hot, rate hike expectations strengthen
A hotter-than-expected inflation reading has renewed expectations for near-term Federal Reserve tightening. The Consumer Price Index rose 0.6% month-over-month, pushing…
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Leveraged loans keep running up a tab. Senior direct lending already knows what it owes.
Principal maturities by year: Q2’26 vs Q1’26 ($mil)
Maturities of loans switching to at least partial PIK tends to be longer-dated than Octus’ other stress trackers: nonaccrual and fair value write-down reports.
The Price of Admission
Next time you are in Barcelona, stop at the Dow Jones Bar. There, drink prices move all night, as you watch the ticker tape like a crowded trading floor. Bull Run Fizz, anyone?