Guggenheim Investments entered into an agreement with Accel-KKR to provide debt facilities to support its refinancing of Kerridge Commercial Systems, a provider of software solutions to retail, wholesale, merchant and distribution markets.
Guggenheim Investments closed one of the first unitranche plus ABL solutions in the European market to support UK-based LDC’s buyout of Addo Food Group.
Guggenheim Investments provides a Q2/17 outlook which shows adjusting yield expectations and managing risk among elevated loan refinancings. While good for borrowers, refinancing activity effectively lowers investors’ spread income.
Guggenheim Investments provides an outlook on the leveraged credit market. Although high-yield bonds and bank loans saw gains in Q3/16, several looming clouds — geopolitical uncertainty, typical fourth quarter volatility and banking sector trouble — may affect risk assets for the remainder of the year.