Posts by LSEG
Direct lenders grab a larger share of large corporate volume
As the US leveraged loan market continued to slow amidst wider market volatility in 3Q22, direct lenders stepped in, taking…
Read MoreBDC share price-to-book value ticks up but remains below recent highs
BDC share price-to-book values have moved around recently in tandem with shifts in the equities market and investor sentiment. The…
Read MoreUS LBO purchase price multiples dropped in large corporate market last quarter
As concerns about the potential for a recession continue to cause heightened volatility across the market, more focus is put…
Read MoreUS sponsored middle market direct lending activity stayed robust in 3Q22
Last quarter, there was US$35.1bn of US sponsored middle market direct lending volume, 17% higher than 2Q22’s levels and the…
Read MoreU.S. Primary yields soared in 3Q22
In 3Q22, first-lien institutional yields skyrocketed to levels not seen since the credit crisis. The average primary yield, assuming a…
Read MoreSyndicated middle market loan volume falls 37% q-o-q in 3Q22
3Q22 syndicated middle market loan issuance tumbled by 37% quarter over quarter amid increased economic uncertainty and market volatility. Lending…
Read More3Q22 U.S. Leveraged volume down 45%; HY bonds off 77% y-o-y
Less than US$182bn of leveraged loans and HY bond issuance was completed in 3Q22, the weakest quarterly results in over…
Read MorePoll: Direct lenders overwhelmingly say they stayed busy in 3Q22
The direct lending market continues to be a popular go-to option at a time when the syndicated loan market has…
Read MoreUnitranche minimum spread threshold shifts higher
While volatility led to a significant increase in pricing in the broadly syndicated institutional loan market early in the year,…
Read MoreBDC share price-to-book value remains above recent lows
BDC share price-to-book values have bounced around recently, impacted by shifting investor sentiment. The average share price-to-book value is at…
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