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Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.
Stepping on the Gas
Dropping for decades, energy’s share of the consumer wallet appears to be lifting.
Loan Stats at a Glance - 3/14/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Private debt overhang drops
Download PitchBook’s Report here. The cumulative capital overhang for the private debt industry dropped for the first time in more than…
Capital Markets Outlook: Uni Power
Once considered a novel concept, the unitranche – a one-stop senior secured financing melding senior and subordinated tranches into one…
Dynamic Duo
Institutional investors believe that ESG factors and borrower performance work in concert.
Loan secondary pricing slumps amid Russia-Ukraine tensions
Source: Debtwire Par, Markit Average bids on term loans in the US secondary market tumbled 156 basis points (bps) since…
US LBO first-lien leverage at all-time high
Total leverage on US LBO deals continues to hover around the 7.1x mark in 1Q22, the same area its averaged…
Private Debt Intelligence - 3/7/2022
Private debt AUM growth will spur product innovation [wpdm_package id=’52865′] Preqin expects private debt to be the fastest growing alternative…
Share of New-Issue Institutional Loans with a Pick-Your-Poison Provision by Quarter
(Past performance is no guarantee of future results.) Contact: Steven Miller
Safety first is good news for senior debt
Investors coming from fixed income, and with anxiety around inflation, see the senior end of the spectrum as their natural…
Loan Stats at a Glance - 3/7/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
BDC loan valuations stabilize in most recent filing period
The most recent data from BDC earnings season shows that debt valuations stabilized in 4Q21, as price appreciation finally eased…







2022 Capital Markets Outlook (Fourth of a series)
This week Churchill’s Carol Loundon, managing director, underwriting and portfolio management, joins her colleagues Kelli Marti and Jessica Nels as…