MLPZ - Midstream MLPs: Examining AMZI Constituent Debt Profiles And Index Yield Scenario Analyses

By Michael Laitkep

With market and energy volatility continuing, today's note follows up on last week's piece on MLP leverage by examining two prevalent questions emerging from the current market environment: 1) Are any MLPs facing refinancing risk due to near-term debt maturities? and 2) What happens to index yields in various distribution cut scenarios? Today's piece addresses these questions by examining the timeline of MLP debt maturities and providing a scenario analysis of index yields with various distribution cut assumptions for the constituents of the Alerian MLP Infrastructure Index (AMZI).

When is MLP debt

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