Posts by LSEG
1Q22 US Syndicated loan volume down over 36% y-o-y
US lenders booked less than US$455bn of loan volume via retail syndication in 1Q22, a 36% decline year over year…
Read MoreBDC technology lending has grown rapidly
Strong portfolio company performance has underpinned the positive environment for BDCs in recent quarters, with Ebitda and revenues moving significantly…
Read MoreHow big of a unitranche could we see this year?
The “mega-unitranche” reached new scale in 2021, as private lenders’ capacity to finance large transactions continued to increase. Unitranche loan…
Read MoreUS LBO first-lien leverage at all-time high
Total leverage on US LBO deals continues to hover around the 7.1x mark in 1Q22, the same area its averaged…
Read MoreBDC loan valuations stabilize in most recent filing period
The most recent data from BDC earnings season shows that debt valuations stabilized in 4Q21, as price appreciation finally eased…
Read MoreBDCs post further NAV gains
BDC earnings season is underway, with funds that have filed to date posting positive performance overall in 4Q21, topping off…
Read MoreMore institutional deals get done without a CSA this month
The institutional loan market has mostly shifted to a term SOFR base rate this year. While there are a few…
Read MoreBDC visible loans benchmark edges lower year-to-date
Valuations of actively marked BDC loans have edged marginally lower so far in 2022, continuing the trend seen in 4Q21.…
Read MoreNew LBO loan assets increase as a proportion of total PE buyout activity
Private equity sponsors actively tapped the loan market in 2021 to back over US$196bn in buyout activity, the second highest…
Read MoreDirect lending drives sponsored middle market issuance to new record
Direct lending drove sponsored middle market loan issuance to new heights in 4Q21 and full-year 2021, as sponsors tapped the…
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