Posts by LSEG
1H23 U.S. loan volume down 18% y-o-y; 2Q23 totals down 32% y-o-y
Bruising market volatility marked by higher interest rates, increased regulatory scrutiny of large corporate M&A deals and lender expectations of…
Read MoreHow would you characterize the quality of 2Q23 deal supply?
One of the main challenges that middle market lenders have faced this year is finding high quality deals. According to…
Read MoreBDC portfolio marks expected to move moderately lower
BDC portfolio companies are being closely monitored to gauge stress as a result of the higher interest rate environment, the…
Read MoreTotal leverage drops on 2023 US LBO deals
So far this year, US LBO activity has been very slow. Year-to-date syndicated LBO loan volume of around US$18bn is…
Read MoreUS syndicated sponsored middle market loan volume totals US$4.3bn in 2Q23
Sponsored-related activity in the loan market has been slower in recent quarters as higher interest rates and tightening lending conditions…
Read MoreUS Single-B volume share increases in 2Q23
Completed US loan volume to issuers with a Single-B rating totals US$30.5bn so far in 2Q23, comprising 25% of leveraged…
Read MoreBDC first-lien debt valuations increased but second-lien and subordinated marks fell in 1Q23
BDC first-lien debt valuations climbed but second-lien and subordinated debt marks fell in 1Q23. The weighted average mark on BDC…
Read MoreB-rated yield premium widens for US issuers in 2Q23
Primary loan yields in the US institutional loan market have widened slightly this quarter. However, when looking across issuer ratings,…
Read MoreInterest coverage ratios on new loans remain well below year-ago levels
Against a backdrop of sharply higher interest rates in the last year, interest coverage ratios have moved lower. The average…
Read MoreUS institutional primary yields widen to 10.26% in 2Q23TD
After plummeting in March, activity has picked up in the institutional market. However, issuers are facing higher yields on average…
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