Lien Girl

[David Brooke @davidand_brooke]

It finally happened! First ESG direct lending loan in the US - award goes to Barings
https://t.co/p3vDNcALYi

[Lien Girl @fran_beyers]

Check out the Fran, Dan, and Ran Show (Part II): Capital Markets 2021 - COVID Impact a... https://t.co/88xnKtj7Cu via @YouTube

[Lien Girl @fran_beyers]

Fran, Dan, and Ran Show: Capital Markets 2021 - COVID Impact and Outlook... https://t.co/km18n0h4td via @YouTube

[Lien Girl @fran_beyers]

@davidand_brooke Ha ha. I will take CHI Overhead for $400 Alex.

[Lien Girl @fran_beyers]

@davidand_brooke David Brooke and team - working with you has been the best and most fun experience. I won’t be far away but will miss you in a major way

[Lien Girl @fran_beyers]

@itskelseybutler Thank you!! Super excited!

[Lien Girl @fran_beyers]

@itskelseybutler @OwlRockCapital Congrats to Chris! Well deserved!

[Lien Girl @fran_beyers]

Today starts Refinitiv LPC's 2-day Virtual Loans Conference. Its not too late to register. Looking forward to listening to 8 heavy hitting panels today and tomorrow. So many great speakers are lined up. And attendance is free! https://t.co/1O5n2PGff6

[Lien Girl @fran_beyers]

Another BDC earnings season has come and gone. If you want a quick 10 minute recap of the 2Q20 themes, check out myself, Andrew Hedlund and David Brooke's videocast!

[Lien Girl @fran_beyers]

Sign up for our virtual loan conference on Sept 15th and 16th. It’s totally free and we have so many great panels lined up.

[Lien Girl @fran_beyers]

BDCs are showing a rebound in nav per share in 2q20 but non accruals are still an issue. Out of 33 public BDCs to report so far 21 showed an increase in their portfolio non accrual rate

[David Brooke @davidand_brooke]

First an increase on leverage limits, then a Covid-relief measure introduced and now AFFE looks like it could be relaxed - BDCs have quite a few friends in Washington
https://t.co/0gRpTMv8r3

[Andrew Hedlund @AndrewHedlund]

@TCWGroup's private debt fund experienced a cybersecurity breach in connection with broader firm, says investment holdings were not affected, according to SEC filing https://t.co/XaY49UzRRv

[Lien Girl @fran_beyers]

Middle Market M&A unlikely to normalize this year, lenders are not expecting a rebound until sometime in the middle of 2021 at the earliest. https://t.co/FBdcDI6rel via @iimag

[David Brooke @davidand_brooke]

Now with BDC earnings season over, myself, @fran_beyers and @AndrewHedlund discuss some of the highlights - Markdown inconsistencies, NAV declines and covenant breaches @LPCLoans
https://t.co/Yi8SMXE44O

[David Brooke @davidand_brooke]

Myself @fran_beyers and @AndrewHedlund
got together to discuss some of the key issues in the next round of BDC earnings - how far is NAV going to plunge? how deep will the dividend cuts be? and what liquidity issues will some face? @LPCLoans
https://t.co/zBGsEKq9DL

[Lien Girl @fran_beyers]

Unitranche volume was down in 1Q20. Holds levels will be much lower moving forward compared to 2019 peak levels as lenders preserve cash for portfolio companies

[David Brooke @davidand_brooke]

Report on the expected dividend cuts in the BDC market - more to come as lenders contend with underperforming companies in 'non-cyclical' industries w/@AndrewHedlund @LPCLoans @ReutersUS
https://t.co/Atq94ggxJT

[Lien Girl @fran_beyers]

With 3/31/20 passed, sources indicate issuers in harder hit sectors by COVID-19 struggled to meet P&I payments. The direct lending market is getting creative in how they are helping these issuers make payments.

[Lien Girl @fran_beyers]

Typically each year January starts out slow in middle market lending and then accelerates into February and more so into March, but this year volume dropped between February and March. This hasn't happened since the GFC back in 2008.