CreditSights

📣Private credit leverage flexibility is on the rise in the EMEA! Discover how Europe's private equity sponsors are pushing for greater leverage options in private credit contracts, reshaping the debt market landscape and future deals. Read the full report here: https://hubs.li/Q02MnbP10

📈 M&A/LBO activity has accelerated, boosting the leveraged loan forward calendar and setting up a busier fall for M&A/LBO volume. 🔍 New underwrites this summer, including billion-dollar deals like Envestnet, Instructure, and R1 RCM, have pushed LFI’s gross forward calendar to $39bn ($33bn net), up from $21.1bn gross/$14.8bn net in Q2—the highest since November 2022. Read the full report here: https://lnkd.in/eyzPHQh3

Revolutionize Your Investment Analysis with CreditSights Dashboards! 🔍 Key Features: - Monitor your watchlist in one place - Identify opportunities with interactive tools - Enhanced risk management - Downloadable and interactive visuals 💡 Benefits: - Access comprehensive data - Simplify your analysis - Stay ahead of market trends - Enhance your research capabilities Get started today and make smarter investment decisions!  🔗 Read the full blog: https://lnkd.in/g25fwhrt Not a subscriber? Request a demo to see how CreditSights can simplify your investment process.

🚀 Exciting Leadership Announcements at CreditSights! 🚀   We are thrilled to announce the promotion of Erin Lyons and Matt Zloto to Co-Heads of CreditSights, which includes CreditSights Research, Covenant Review, LevFin Insights, Bixby and Pacer Monitor. Their combined expertise and dedication will undoubtedly drive our company to new heights. Erin brings 23 years of experience in the credit markets, having excelled as an analyst, strategist, and portfolio manager. Since joining CreditSights a decade ago, she has made significant contributions across various roles, most recently as our Global Head of Business Strategy. Matt has spent the last two decades immersed in the leveraged finance sector, developing a wealth of buy-side expertise in private credit, special situations, and distressed investing. Most recently, he served as our Global Head of Leveraged Finance. Join us in congratulating Erin and Matt! 👏

🔎The Value Wars of 2024 are intensifying! CreditSights, Covenant Review, and LFI have collaborated on this new report, which delves into how creditors and new-money providers are navigating the unraveling of complex, high-yield structures in Europe. From Altice to Thames Water, discover how creditor activism is reshaping the landscape and driving value creation. Curious about the high-stakes battles and evolving market dynamics? Dive into the full story here! 👉 https://hubs.li/Q02L6Pjn0

📢 Listen to our Global Head of Strategy, Winifred Cisar Stieglitz, and Elizabeth Han from Fitch Ratings as they provide crucial insights on default rates and market trends for 2024. This update is split into two parts—be sure to check out both Part 1 and Part 2 for a comprehensive overview.

Don't miss this Week's Top Picks from LevFin Insights! Stay ahead with LFI for the latest financial news, trends and updates! 📈📊 1. US Insight: Energy Price Surge Boosts PJM-Exposed Issuers: New deals worth over $3.7bn.  📖 Read more: https://lnkd.in/ef2yNMrt 2. US Issuer Insight: Rain Carbon's Q2 Struggles: EBITDA fell 49%, revenue down 20.3%. 📖 Read more: https://lnkd.in/eu-prFva 3. US Special Situations: Better Health Lenders Engage Financial Advisor: Collaboration with Houlihan Lokey. 📖 Read more: https://lnkd.in/erx9wdGC 4. US Pipeline: Therakos Secures Debt Financing for CVC LBO: $925mn acquisition by CVC Capital Partners. 📖 Read more: https://lnkd.in/eNFDGrhb 5. US Insight: High-Yield Spread Widening: Spreads widened by 62bps, hitting an eight-month high. 📖 Read more: https://lnkd.in/eibhdyMw 6. EMEA Private Credit: Lincoln’s European Private Credit Snapshot: Spread tightening in the European mid-market. 📖 Read more: https://lnkd.in/enqujK2W 7. EMEA Earnings Call: Selecta’s H2 Growth Outlook: Q2 2024 net sales dropped 3.9%; organic growth expected to improve. 📖 Read more: https://lnkd.in/eP6by5Mg 8. Borrower-Friendly Private Credit Market: Lenders competing on deal terms beyond spreads. 📖 Read more: https://lnkd.in/e7dZhpsW

Ares Management has successfully closed a private credit fund with nearly $34 billion in investable capital. The Ares Senior Direct Lending Fund III alone raised an impressive $15.3 billion, with the remaining funds coming from related sources and fund-level leverage. 🔗To read more in the latest Private Credit Weekly, brought to you by LFI, click here: https://hubs.li/Q02KrzZ70

📉 Loan volume saw a summer slowdown in July, but it was still the busiest July in the past seven years! Despite a drop to $82.7bn from June's $149.6bn, it surpassed previous records and set a new high. Curious about the key deals and market trends? Don't miss out on the full story!:👉 https://hubs.li/Q02Kp-390

Explore an in-depth look at the European gaming sector with our latest publication. We break down the types of gambling, channels, income-generating mechanisms, taxes & regulations, typical income statement profiles, and include a sector glossary. 🎰 Read the full report here: https://hubs.li/Q02KfGlY0