BSL

KBRA DLD Report: Direct Lending Defaults Low; Sponsored at 1.5%, Non-Sponsored at 3.5%

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星期五, 三月 22, 2024
Professional Services, Finance, Loss given default, TTM, Orange, Index, BSL, Radar, LGD, Red, HY, Communication, KBRA, Security (finance)

KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market.

Key Points: 
  • KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market.
  • KBRA DLD forecasts an overall 2024 direct lending default rate by issuer count of roughly 2.75% on 69 defaults, up from 2.3% in 2023.
  • Loss Given Default (LGD) Rate: The LGD rate for direct lending loans in the KBRA DLD Index is 1%.
  • KBRA’s Default Radar is a monthly tracker that identifies worrisome credits for potential defaults in the U.S. direct lending space.

thebigword Group acquires Clarion to create the UK's largest British Sign Language company

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星期四, 三月 14, 2024
Sign language, Health, BSL, Public, Growth, Acquisition, Public sector, Management

LEEDS, England, March 14, 2024 /PRNewswire/ -- In a landmark move, thebigword Group, a global leader in language service solutions, has announced the acquisition of Clarion, the UK's premier British Sign Language (BSL) service provider.

Key Points: 
  • LEEDS, England, March 14, 2024 /PRNewswire/ -- In a landmark move, thebigword Group, a global leader in language service solutions, has announced the acquisition of Clarion, the UK's premier British Sign Language (BSL) service provider.
  • This strategic acquisition positions the combined entity as the largest British Sign Language company in the United Kingdom.
  • thebigword Group assures continuity for all clients and sign language interpreters and the high-quality service they have come to expect will continue seamlessly.
  • Clarion will continue to operate as a standalone unit with visionary leadership within thebigword Group, maintaining its unique brand and specialist focus on British Sign Language services.

BSL Battery - Industrial Will Participate in MODEX 2024 from March 11 to 14 with an Enhanced Product Portfolio

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星期二, 二月 27, 2024
Delta, ISO 9001:2015, Congress Center, Life, LTD, Safety, Certification, Georgia World Congress Center, BSL, SPE, Fronius, Electric battery

In this fast-paced world of manufacturing and supply chain operations, the industry's future depends on today's forward-looking decisions.

Key Points: 
  • In this fast-paced world of manufacturing and supply chain operations, the industry's future depends on today's forward-looking decisions.
  • MODEX provides a comprehensive view of existing and upcoming supply chain solutions, giving a glimpse into what's to come.
  • In addition, BSLBATT is the first forklift lithium battery in China to obtain UL2580 certification for its complete product line.
  • BSL Battery - Industrial delivers these advantages at a price point that is comparable to traditional battery products.

Lincoln Private Market Index Closes 2023 at a Record High Despite a Prolonged Misalignment on Valuation Expectations Among Buyers and Sellers

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星期一, 二月 12, 2024
Finance, Consulting, Banking, Professional Services, Other Professional Services, Acquisition, David G. Booth, Investment, Lincoln International, Growth, Grain, Index, LBO, LTV, Risk, University, BSL, LPMI, Movement, PIK, Pressure

The Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S. privately held companies, increased by 0.6% during the fourth quarter of 2023, resulting in the index ending 2023 at another record high.

Key Points: 
  • The Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S. privately held companies, increased by 0.6% during the fourth quarter of 2023, resulting in the index ending 2023 at another record high.
  • During 2023, the S&P 500 soared by 22.7%, while the LPMI climbed only 5.5% but demonstrated greater stability over the year.
  • Leveraged buyout (LBO) volumes in 2023 were depressed as sellers and buyers remained locked in a tug-of-war.
  • While lenders, sponsors and businesses will need to grapple with more adversity, many left 2023 with newfound optimism.

KBRA DLD Forecasts 4% Broadly Syndicated Loan, 3% High-Yield Default Rates in 2024

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星期二, 一月 9, 2024
Banking, Professional Services, Finance, KBRA, Travelport, Software, Weakness, BSL, HY, Security (finance)

KBRA DLD, a division of KBRA Analytics, is forecasting a 2024 broadly syndicated loan (BSL) default rate of 4% and a 3% rate for high yield (HY), based on volume.

Key Points: 
  • KBRA DLD, a division of KBRA Analytics, is forecasting a 2024 broadly syndicated loan (BSL) default rate of 4% and a 3% rate for high yield (HY), based on volume.
  • BSL default volume in 2024 is expected to exceed HY by a record wide margin, partly due to credit quality.
  • KBRA DLD projects 2024 annual default volume of nearly $60 billion for BSL versus $39 billion for HY.
  • KBRA DLD expects the BSL issuer default rate to land at 5.75% in 2024, in line with the 5.8% level set in 2023.

Blackstone Credit Closed-End Funds Announce Trustee and Officer Changes

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星期四, 一月 4, 2024
Multimedia, Credit, BGB, BGX, Blackstone Credit, AUM, Portfolio manager, Assistant, BSL, Financial services

NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit"), announced certain changes in Trustee and Officer positions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX) and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds").

Key Points: 
  • NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit"), announced certain changes in Trustee and Officer positions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX) and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds").
  • Mr. Zable is a Senior Managing Director and the Global Head of Liquid Credit Strategies at Blackstone Credit, as well as a Portfolio Manager of the Funds.
  • Mr. Post is a Managing Director and Portfolio Manager at Blackstone Credit, including a Portfolio Manager of the Funds and Blackstone Credit's U.S. CLOs.
  • There will be no changes to the Funds' strategies, investment objectives or policies as a result of these changes.

Scott Macklin Joins Obra Capital as Head of US Leveraged Finance

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星期四, 一月 4, 2024
Macklin, Lehman Brothers, Partnership, Risk assessment, Research, Philosophy, Acquisition, Sculptor Capital Management, Middlebury College, KDP, CLO, Obra, Economics & Philosophy, Insurance, Growth, Investment, Risk management, BSL, AllianceBernstein, Senior, Management

NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that Scott Macklin has been appointed Head of US Leveraged Finance. In this role, Macklin will be responsible for managing Obra’s CLO management platform, including driving investment strategy and portfolio construction, deal sourcing and execution, risk management and market research. Macklin will be based in New York and report to Peter Polanskyj, Head of Structured Credit.

Key Points: 
  • NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that Scott Macklin has been appointed Head of US Leveraged Finance.
  • Macklin will be based in New York and report to Peter Polanskyj, Head of Structured Credit.
  • Earlier in his career, Macklin held senior roles at Scoggin Capital Management and Marathon Asset Management, and he began his career at Lehman Brothers.
  • Macklin holds a Bachelor of Arts double major in Economics and Philosophy from Middlebury College, where he graduated Magna Cum Laude.

KBRA Releases Research – 2024 Structured Credit Sector Outlook: Staying the Course

Retrieved on: 
星期五, 十一月 17, 2023
Professional Services, Finance, KBRA, Research, CLO, Credit, Environment, Lisp (programming language), BSL, Bank

KBRA releases its 2024 Structured Credit Sector Outlook, which discusses structured credit issuance and themes for transactions and leveraged loans in 2023, as well as tailwinds and headwinds for issuance and performance next year.

Key Points: 
  • KBRA releases its 2024 Structured Credit Sector Outlook, which discusses structured credit issuance and themes for transactions and leveraged loans in 2023, as well as tailwinds and headwinds for issuance and performance next year.
  • The structured credit market faces a challenging road ahead in what is expected to be a “higher-for-longer” interest rate environment.
  • In the report, KBRA highlights its 2024 issuance forecast for U.S. structured credit and European broadly syndicated loan (BSL) CLOs.
  • We also highlight recent KBRA research within the structured credit sector.

SMIRNOFF INITIATIVE REIGNITES SOCIAL CONNECTIONS THROUGH CULTURAL ACTS AROUND THE WORLD

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星期四, 十一月 30, 2023
Creativity, Quiet room, TVC, Down syndrome, Music, NFL, City, Metaphor, Smirnoff, Partnership, AC/DC discography, Mercury, Pink, Loneliness, Environment, Life, IZA, BSL, Nightclub, Nursing, Atomic, Lens, Disability

With a recent report indicating that 79% of 18-29 year-olds feel their emotional connections are weaker today than they were in the past[2], this new initiative aims to tackle feelings of disconnection and isolation around the world.

Key Points: 
  • With a recent report indicating that 79% of 18-29 year-olds feel their emotional connections are weaker today than they were in the past[2], this new initiative aims to tackle feelings of disconnection and isolation around the world.
  • The venue was transformed to showcase some of the ways in which barriers found in the built environment of our social venues can be addressed.
  • The initiative has spanned borders with interactive billboards in major global cities encouraging passers-by to get involved.
  • At Smirnoff, we fundamentally believe that we're better when we're together, which is why these acts feel so important and relevant for today.

SMIRNOFF INITIATIVE REIGNITES SOCIAL CONNECTIONS THROUGH CULTURAL ACTS AROUND THE WORLD

Retrieved on: 
星期四, 十一月 30, 2023
Creativity, Quiet room, TVC, Down syndrome, Music, NFL, City, Metaphor, Smirnoff, Partnership, AC/DC discography, Mercury, Pink, Loneliness, Environment, Life, IZA, BSL, Nightclub, Nursing, Atomic, Lens, Disability

With a recent report indicating that 79% of 18-29 year-olds feel their emotional connections are weaker today than they were in the past[2], this new initiative aims to tackle feelings of disconnection and isolation around the world.

Key Points: 
  • With a recent report indicating that 79% of 18-29 year-olds feel their emotional connections are weaker today than they were in the past[2], this new initiative aims to tackle feelings of disconnection and isolation around the world.
  • The venue was transformed to showcase some of the ways in which barriers found in the built environment of our social venues can be addressed.
  • The initiative has spanned borders with interactive billboards in major global cities encouraging passers-by to get involved.
  • At Smirnoff, we fundamentally believe that we're better when we're together, which is why these acts feel so important and relevant for today.