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May 31, 2024
9 Free Financial Modeling Lessons
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At my LMM in industrials have been seeing 4.5 - 5.0x unitranche and pricing at S+575 - 700. Seems really hard to get 5x these days when that was the floor a year ago.
Thank you - whats been the general split between bank debt / sub debt?
Sub debt basically died. Most of the big names gone through unitranche or just a mezz private. Probably get 3-4x and then a 1-2x sub if I had to guess.
Yep, this.
Apologies but I don’t follow.
You said sub debt is dead, but that funds are still doing uni tranche.
If so, then whats the other tranche of debt theyre doing instead of sub debt? Wouldn’t it just be senior?
Appreciate your insight
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