Moody’s Expects LBOs to Make a Comeback
Leveraged buyouts are poised for a revival, albeit less aggressively structured than in the last wave, according to Moody’s Ratings. “Ultimately everyone will need to adjust to the new environment and...
28 Aug 202541min
Tetragon Sees Midteens Gain in Riskiest CLO Tranche
Collateralized loan obligation equity stands to gain as much as 15% this year, according to Tetragon Credit Partners. “It’s teens returns, high current cash flows and diversification,” said Dagmara Mi...
21 Aug 202541min
Mudrick Sees Seven-Year Default Wave as Rates Stay Up
More companies will fail to repay debt as funding costs stay high, according to Mudrick Capital Management. “What we’re getting is just elevated defaults every year, we think for the next five to seve...
14 Aug 202542min
Junk Companies Are in Debt Covenant 'La La Land,' Says Fox Legal
Fox Legal Training sees debt documentation risks rising as too much cash chases a limited number of high-yield deals. “Provisions these days are drafted in a way that they are very much departures fro...
31 Jul 202543min
US Billionaires Are Only Just Getting Started on Their Global Sports Invasion
US billionaires and sovereign wealth funds are going to get more active in global sports investing, according to Andalusian Credit Partners. “The US invasion into other markets is just getting started...
24 Jul 202545min
Private Credit Giant Ares Is Seeing More Defense Opportunities in Europe
Ares Management, the $550 billion alternative investor, expects private lenders to get more involved in funding Europe’s rearmament. “We are starting to see more defense opportunities come across the ...
17 Jul 202543min
JPMorgan’s Aronov Sees More Junk Firms Struggling to Repay Debts
JPMorgan Asset Management is seeking hedges against credit market losses as risks rise and spreads tighten. “There’s value in shorts and credit protection,” Oksana Aronov, the firm’s head of market st...
10 Jul 202548min
Private Credit Heavyweight HPS Sees ‘Huge Opportunity’ in Fund Finance
HPS Investment Partners is building out its fund finance business, including net-asset-value lending. “It’s a huge opportunity,” Purnima Puri, head of liquid credit and a founding partner at the $150 ...
3 Jul 202549min
