Posts by LSEG
Downward price flexes in the institutional market are on the rise
February has seen an increase in downward price flexes in the institutional loan market with 12 price cuts on first-lien…
Read MoreReturns jump across US corporate credit to start the year
Total returns on US corporate credit have jumped to start the year, driven by more favorable sentiment across the capital…
Read MoreUS LBO loan vol. (US$bn) and direct lending share of total
Last year, when heightened volatility caused US syndicated LBO loan volume to retrench, the private credit space helped soak up…
Read More4.1× More MM LBO Volume Went to Direct Lending
With very challenging conditions in the syndicated loan market, more and more sponsors turned to the direct lending market for…
Read MoreUS secondary market rallies to begin the year
The US secondary loan market has rallied to start the year. The LPC 100 cohort of the largest, most widely…
Read MoreSyndicated middle market loan volume falls 10% in 2022
In 4Q22, syndicated middle market lending posted its lowest quarter since 1Q21 amid bouts of market volatility and economic uncertainty.…
Read MoreUS institutional discounts widen, but remain at wide levels
After reaching levels not seen since the credit crisis in 3Q22, discounts on US first-lien institutional term loans have tightened…
Read MoreBDC portfolio marks expected to move moderately lower
BDCs navigated the most recent 3Q22 earnings season successfully, benefiting from the higher interest rate environment as rising base rates…
Read MoreReturns on US leveraged loans and HY bonds positive for second consecutive month
Returns for US leveraged loans and high-yield bonds were positive for a second consecutive month in November, with loan returns…
Read MoreBDC recommendations shift towards “hold” since March
BDC research analyst recommendations have been marked by a shift in recent months towards “hold” recommendations, a move away from…
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