US leveraged lenders completed just under US$18bn of repriced institutional loan volume during the month of October, down from over US$23bn in September and less than half of August totals (US$43bn) and one fifth of July results (US$94.2bn). Most of the drop off is attributed to the building leveraged pipeline. October saw over US$24.5 of new leveraged institutional loan assets clear the market, the greatest monthly total so far this year. Almost US$18bn or 74% came in the form of M&A financing.
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Leveraged loans keep running up a tab. Senior direct lending already knows what it owes.
