BDC First Lien Marks Rise While Non-Accruals Stay Relatively Flat

Posted by Alex Buzby on Jan 23, 2017 11:49:45 AM
Alex Buzby
Find me on:

Interesting divergence between the first and second middle market liens on non-accrual vs. percentage loss over the 12 months from Q4 2015 through Q3 2016. In BDC portfolios, first lien non-accruals as a percentage of cost exceed second liens, while on a percentage loss basis second liens exceed first liens.

Click to enlarge - Middle Market Senior Secured


To view more reports and analytics about BDCs and the Middle Market, request a free trial to AdvantageData.


 

Topics: Middle Market, First Lien, Non-accruals


Are you using AdvantageData?

AdvantageData is your fixed income solution for pricing, analytics, reports, and insight on approximately:

  • 500,000+ U.S. and international corporate bonds
  • Over 6,200+ CDS reference entities
  • Over 22,000+ syndicated loans
  • Over 100 equity markets worldwide
  • One platform 16 products and services from debt to CDS to loans to mid-market
  • Used by top buy and sell-side firms worldwide

Subscribe to Email Updates

Recent Posts