NEW YORK, May 15 (LPC) - Direct lending funds, which are
providing capital to middle market companies in increasing
amounts, are turning to fellow funds to reduce credit exposure.
NEW YORK, May 3 (LPC) - Middle market institutional term
loan yields fell in the second quarter of 2019, reversing six
consecutive quarters of upward momentum, as investor demand
continues to exceed a limited supply of deals.
NEW YORK, April 17 (LPC) - A new regulatory proposal would
force managers of closed-end funds to disclose more information
including factors affecting performance as well as investment
strategies, a requirement previously reserved for other types of
NEW YORK, April 15 (LPC) - Fitch Ratings in an industry
update for Business Development Companies (BDCs) said it is
focused on leverage differentiation among funds looking to
employ greater leverage following the passage the Small Business
Credit Availability Act in 2018, amid continued competitive
NEW YORK, April 11 (LPC) - Investors’ response to a US$500m
equivalent leveraged loan for Israeli cyber surveillance firm
NSO Group highlights the increasing extent to which
environmental, social and governance (ESG) principles are
guiding banks’ and investors’ lending decisions as they start to
calculate the ethical impact of investing.
NEW YORK, March 22 (LPC) - Business Development Company
(BDC) share prices are rebounding after hitting a near
three-year low in December and are outperforming the S&P/LSTA
leveraged loan index as well as the S&P 500.
New York, March 5 (LPC) - A slowing economy in the US
combined with still steep price tags on target companies has
private equity buyers focused on making strategic add-on
acquisitions to existing middle market portfolio companies as a
pathway to growth, bankers say.
NEW YORK (LPC) - The combination of two Southeast regional banking giants BB&T Corp and SunTrust Banks Inc, in a deal valued at $66 billion , positions the combined company to compete with rival lenders on a national scale.
NEW YORK (LPC) - A favorable economic backdrop is expected to keep merger and acquisition (M&A) activity strong in 2019 for US mid-sized companies, but both buyers and sellers are factoring in a slowdown on the horizon, according to Citizens Commercial Banking’s annual survey.
NEW YORK, Jan 25 (LPC) - Middle market direct lending funds
focusing on senior US leveraged loans are seeing a pickup in
demand as investors seek protection in less risky debt in the
late stages of the credit cycle, market participants said.