VVR's premium to NAV and rising default trends make it an unattractive entry point, despite its focus on 1st lien loans.

Our setting is dividend recapitalizations in private equity (PE), where portfolio companies take on new debt to pay investor returns. After accounting for positive selection into more debt, we show ...

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European loan and bond issuance nearly doubled year-on-year. Refinancing and repricing drove activity, as issuers returned to the market to take advantage of lower interest rates and bring down ...

Macquarie Group Ltd. is shuttering its US debt capital markets arm, a business that includes leveraged loan origination, ...