Cedarpool Research
Independent private-credit data & research — commentary and reports from our reconciliation of BDC filings.
43% of a first-lien BDC loan coupon is now the base rate
The reference rate now supplies ~43% of first-lien BDC loan yield, against ~14% in 2021 — from our reconciliation of BDC Schedule-of-Investments filings (par-weighted).
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