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 4.09% yield on Feb 17th (down from 4.11% on Feb 10th but well down from 5.1% one year ago) and a 1.32% 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 44 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 best performer loan on a weekly total return basis was the one relating to HotelBeds (+0.68%) the largest business globally sellling hotels rooms to wholesale customers such as travel agencies and tour operators which German tour operator TUI sold last April to Cinven’s funds and Canada Pension Plan Investment Board in a 1.165 billion euros deal. .
The wrost weekly performance was instead the one relating to Keurig Green Mountain (-0,07%), a beverage group which was delisted from the Nyse in 2016 in a 13.9 billion dollars deal by the JAB Holding Company, the investment veichle of the German family Reimann, heirs of consumer goods group Joh. A. Benckiser. All that after a 0.15% weekley total return performance of the whole portfolio.