A euro-denominated leveraged loan issued in support of a leveraged buyout by a private equity firm with a 5-7 years’ maturity paid a 3.81% yield on May 12th (slightly down from 3.84% one week before but well down from 5.0% one year ago) and a 1.64% year-to-date total return (from 5.88% in the whole 2016). These are the figures that emerge reading the Ver Capital Leveraged Loan Index, an index that Ver Capital sgr has specifically built for BeBeez and that will be updated weekly.
The Ver Capital Leveraged Loan Index has 45 member loans (all senior secured performing loans with a B+ avarage rating) well diversified among a series of sectors as showed in the information memorandum.
The whole Lbo Index portfolio recorded a +0.24% total return in the week. The best performer loan on a weekly total return basis was the one relating to NEP (+0.52%), a US group serving the world’s leading content producers and owners, providing services vital to the broadcast of live sports and entertainment events. All that after a flat weekley total return performance of the whole portfolio.
The wrost weekly performance was instead the one relating to Jost (-0.09%), a leading global producer of systems, modules and components for connecting trucks and trailers controlled by Cinven since 2008 and close to listing on the German Stock Exchange.
