Posts by LSEG
With only a few weeks left to 2023, US leveraged volume lags year ago results
Despite a steadier second half to the 2H23 debt capital markets, at US$856bn, leveraged issuance for 2023 lags year ago…
Read More2023 US LBO purchase price multiples are the lowest since 2018
US LBO purchase price multiples have decreased two steps this year, to 11.2x on average, the lowest mark since 2018.…
Read MoreBDC credit quality continues to hold up
BDC credit quality held up well across different metrics in the most recent quarter. The weighted average non-accrual rate for…
Read MoreBDC debt valuations increase in 3Q23
BDC debt valuations climbed across the board in 3Q23, with riskier debt outperforming as hopes of an economic soft landing…
Read MoreEquity multiples increased on 3Q23 US middle market LBO deals
LBO activity remains challenged by buyer and seller valuation disconnects. US middle market syndicated plus direct lending LBO volume totaled
Read MoreABL Deep Dive: Numbers don’t tell entire story
Over US$126bn in asset based loan volume was completed in 1-3Q23 which at first glance suggests record total for the…
Read MoreUS market unitranche spreads decreased in 3Q23
In 3Q23, US unitranche blended spreads declined for the second straight quarter. The average unitranche blended spread, including both middle…
Read More1Q-3Q23 US Syndicated ABL volume up 5% to US$127.0bn
US syndicated ABL volume was up 5% to US$127.0 billion during 1Q-3Q23. The first nine months of 2023 set a…
Read MoreNear-term BDC loan maturities are limited
Credit quality is being closely watched in the private credit markets amid the large increase in interest rates during the…
Read MoreSyndicated middle market volume sinks 31% in 3Q23
US syndicated middle market loan volume totaled US$23.6bn in 3Q23, 31% lower than 2Q23 and 41% lower year-over-year. 3Q23’s total…
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