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??
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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'
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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
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