Brenn A. Jones 🇨🇦 🇺🇸

Financial editor, PitchBook | LCD

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@davidcinema Dancer in the Dark only 20th? Those must be some grim flicks.

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@iCyclone 3:02 is legit!

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@erikslater_ @LockedOnNets Great pods. Question: Is “tanking” truly forefront in management calculations? Might Porter actually have been ill? I could see how tank/not tank gives some the option of a heads I win, tails I win perspective, but from a paying fan’s POV, it’s a drag when stars don’t play.

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@erikslater_ Was at the Rockets game and Day’Ron was the adult in the room, rebounding, hustling in an otherwise forgettable game. I hope the Nets keep him!

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@Jindo_1307979 189

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@JoshuaChaffin Brilliant article … best read in the WSJ today!

[Sen. Lisa Murkowski @lisamurkowski]

This week started with administration officials refusing to acknowledge that Russia started the war in Ukraine. It ends with a tense, shocking conversation in the Oval Office and whispers from the White House that they may try to end all U.S. support for Ukraine. I know foreign policy is not for the faint of heart, but right now, I am sick to my stomach as the administration appears to be walking away from our allies and embracing Putin, a threat to democracy and U.S. values around the world.

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@TheEconomist Road ahead for the US as well …

[Kamala Harris @KamalaHarris]

I’m asking for your vote because as president, I will get up every day and fight for the American people.

[Leveraged Loans @lcdnews]

Leveraged loan borrowers are proving resilient in the higher (for longer) rate environment. Helped by modest earnings growth, interest coverage at publicly filing Morningstar LSTA Index issuers ticked higher for a second straight quarter, though it remains well off levels seen in 2022, when the Fed’s rate hike regime had yet to hit full force. This resilience has allowed more companies to inch back from the brink of distress. One metric: The share of ‘outer-edge” borrowers – those with leverage topping 7x – has eased to its lowest level since 2019. There’s more credit stats in PitchBook LCD’s 1Q issuer earnings analysis: https://t.co/AedSVjwLFd @PitchBook #credit

[Leveraged Loans @lcdnews]

The booming 1Q US #leveragedloan activity is heady, indeed, though the Fed has concerns about a rising share of "non-pass" (aka potentially troubled) credits https://t.co/lGjpgJbPb2 via @axios @theKateMarino

[Leveraged Loans @lcdnews]

Leveraged loan & private credit webinar from @PitchBook LCD: Trends, deals, analysis, market outlook. Weds, Oct. 18. Complimentary registration: https://t.co/UrwiJ9fRw0 Join the webinar, download the deck! #leveragedloan #highyield

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@lingereffect Countdown on!

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

@PicturesFoIder 6, cuz that’s present tense, the broken, fried & eaten already happened

[Leveraged Loans @lcdnews]

The 2Q 2023 US #leveragedloan market, in six charts:

1) Where’s the deals? The prohibitive cost of funds (courtesy rising rates) and an M&A void stalls meaningful new loan activity … @PitchBook

[Leveraged Loans @lcdnews]

On the @PitchBook podcast: #leveragedloan warning signs - sector-specific distress; LCD's Restructuring Watchlist; sizing up the maturity wall, CLO investor base and trading market; plus a deep dive into European loan credit quality https://t.co/vmIukpxJ3W @Kakourisr @debtjones

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

Geeking out with @Kakourisr and Taron Wade on #leveragedloans #lcd https://t.co/12zHaCyCpT

[Leveraged Loans @lcdnews]

A measured start to the 2023 US #leveragedloan market, with three deals backing M&A emerging during the week. Sentiment has been solidifying overall, with secondary market bids increasing and the asset class returning 1.67% YTD.

[Brenn A. Jones 🇨🇦 🇺🇸 @debtjones]

European leveraged loans continue to leak, losing 0.32% yesterday to bring YTD returns to negative 7.01%, per the Morningstar ELLI. By comparison, US loans are down 2.48% YTD. #leveragedloans

[Leveraged Loans @lcdnews]

The US #highyield bond market is wrapping its 2nd-worst quarter of issuance - $15 billion - since the Great Financial Crisis (2018's 4Q was worse thanks to Europe economic growth concerns and US/China trade spat). Full analysis: https://t.co/PwjjmcWtGd #leveragedloan @pitchbook