Posts by LSEG
US CLO portfolio trading activity mirrors strong secondary
Of the US$261bn in trading activity by US CLO managers in 2020, asset selling peaked at 41% of activity in…
Read MoreUS$480.5m of defaulted loan debt in the retail and supermarkets sector held in active U.S. CLO collateral
There was US$480.5m of defaulted loan debt from 14 different borrowers in the retail and supermarkets sector that was held…
Read MoreLeverage on US LBO deals stays at all-time highs this quarter
Total leverage levels for US LBO loans remain high, averaging over 7.5x so far this quarter. 4Q20’s average of 7.2x…
Read MoreInstitutional loan refinancings jump in January to $39bn
Refinancing deals dominated the institutional loan market in January, with US$39bn in volume for a 71% share of overall institutional…
Read MoreBDC Visible Loans Benchmark now bid above pre-Covid levels
The BDC Visible Loans Benchmark has continued to climb higher, reaching the 93.65 level on Friday. The BDC secondary cohort…
Read MoreLoan fund AUM continues to grow amid large inflows in January
U.S. CLO AUM ended January at $747bn, up 10.3% YoY, with 17 new U.S. CLOs totaling $8.5bn pricing last month.…
Read MoreUS sponsored middle market direct lending volume reached US$71bn in 2020
According to Refinitiv LPC data, the US direct lending middle market totaled US$71bn in loan volume last year, 18% lower…
Read MoreSecondary market levels at their highest levels post-Covid
Prior to the pandemic, the average bid on the Overall-Market cohort of loans was in the 97.5 context, with half…
Read MoreMiddle market non-sponsored syndicated volume was up 65% in 4Q20
Non sponsored syndicated loan volume bounced back to total US$19.7bn in 4Q20, the highest quarterly level since 4Q19. In the…
Read More2020 US Syndicated loan volume at 10 year low amid pandemic
In a year overshadowed by a global pandemic, social unrest and a prolonged US election cycle, lenders pushed over US$1.5trn…
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