Yoo Credit Dawgs, How're You Making Money?
Yooo folks in credit, can u tell me where your returns are coming from by:
OID
Commitment Fees
Closing Fees
Cash Interest
PIK
(any other)
What kinds of returns are u looking to underwrite across sectors (distressed, stressed, performing)? How do these vary by industry??
.
dude this was some next level cringe to read, probably cringier than what OP said and that was bad enough as it was. Dear Christ I have to get off this website.
That's what I told myself but I've been stuck here for 4 years in my 10th cycle giving MS to IB/PE/College ranking threads
lmao it's hard getting off this site, been here since high school. Finance Hardo for life 'my n'
.
The biggest difference too you forgot to touch on is deal size. The further down you go, the more equity-like credit becomes.
All-in yield and underwriting fees - leveraged loan deals
-see my posts detailing all-in yield, fees & flex, etc.
https://www.wallstreetoasis.com/forums/tla-vs-tlb-maturity-and-leverage#comment-2071053
https://www.wallstreetoasis.com/forums/oid-in-leveraged-loans
1) all-in yield calc (margin, OID, LIBOR Floor).
2) UW Fees - BB/Ba2 Transformative M&A deal
3) UW Fees - B/B2 RC/1L TLB / 2L TL deal
4) Best Efforts Fee - B/B2 TLB deal
Opportunistic Credit/Special Sits fund - Middle Market - Sector agnostic - Return: 13% - 20%
Thanks dawg. Without going in lot details, mind sharing a bit more on the breakdown of those juicy returns u guys have been gorging on?
https://www.oaktreecapital.com/docs/default-source/default-document-lib…
Absolutely. Looking at a bunch of stuff.. CMBS, ABS, Hard Assets (Aviation/Rail/Shipping/Power), Infra in Latam, NPL in Europe, Covid hit sectors in US, Stressed/Distressed Rescue Financing in US..
Whoever hit me with the monkey shit havent probably ever seen UMM/MM Special sits/Credit returns range..lol
Also curious
Numquam cupiditate sint id maxime ducimus. Beatae nihil blanditiis cupiditate. Voluptatem consectetur dignissimos reprehenderit. Quos a enim recusandae aspernatur quam dignissimos maxime nam. Laborum est labore qui doloremque.
Ut necessitatibus nulla similique neque ut. Quo dolor eius id. Qui quisquam harum atque commodi itaque. Atque illo minima voluptates sit deserunt natus quam. Corrupti perferendis in mollitia ullam saepe corrupti et ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...