Latest from Debt Explained
The syndication process is proving to be contentious thus far in 2018 with the vast majority of deals now feeling the pressure of investor pushback during the syndication phase. Some 89% of deals are seeing documentary or pricing changes made, up from 77% in 2017.
The Chairman's View: The barricades have fallen on transfers - true or false?
The trade off used to be that as deal terms got looser (in favour of the sponsor/borrower) so did the restrictions on transferability (in favour of the lender). Whatever the reason, the general principle of free transferability during any event of default has gone without a noticeable fight.
Debt Explained launches Aggressive Covenant Terms Scoring
Aggressive Covenant Terms Scoring (ACTS) provides a data-driven score of the “standard aggressive terms” of every new European HYB issue
Q1 2018 ACTS Summary out now
Debt Explained launches a new quarterly report focusing on Aggressive Covenant Terms in the High Yield Bond Market. Based upon our exclusive Aggressive Covenant Terms Scores (ACTS), the report drills down into the data on terms.
Ashurst stays on top with Market Maker
Leading international law firm Ashurst has a dedicated high yield team in London. The team prides itself on being able to offer client-led solutions across the range of funding packages. To enable it to stay on top of the market, the firm uses Debt Explained data.