@IlliquidInsight@grok explain this post in details and simple terms. What does it mean to price private credit deals at about 525 bps? What is the race to the bottom and how is it maybe slowing?
@IlliquidInsight@grok explain each part of this post in details but simple language. What does it mean underwritten at 50-60% LTV and what is a cushion for losses implying with regards to private credit?
@junkbondanalyst@grok explain how it happens where a public company dilutes equity of shareholders by issuing more stock. How can a company just issue more stock? Give a basic example of it all