Capstone Headwaters’ Debt Advisory Services Team has published its Q2 Middle Market Leverage Finance report, which is available for download below.  Middle market (MM) lending activity came to a screeching halt in Q2 and only recently has new issuer volume returned, however, the focus initially has been on opportunistic, well-structured financings involving fundamentally sound businesses in recession-resistant sectors.  Companies in cyclical sectors hard-hit by the recent market changes will still be able to find new capital, but on decidedly investor-friendly terms that will reflect today’s higher loan pricing, conservative valuations, and creative risk-return structures.

The report includes insight on:

• Middle Market Volume
• New Issue Yields
• U.S. Leverage Loan Default Rate
• U.S. Leverage Loan Covenant Relief Activity

For more information on this report, please contact Managing Director Kent Brown.

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