Posts by LSEG
Libor floors remain in institutional market, but are lower in 4Q20
As the Libor rate remains at low levels, investors continue to demand Libor floors in the institutional market. The average…
Read MoreOver half of US CLOs report less than 1% of portfolio assets in default
Before COVID-19, 78% of post-crisis US CLOs reported less than 1% of their portfolio in default, 15% reported between 1%…
Read MorePricing widens significantly for borrowing base E&P revolvers in 2020
Lending to the oil and gas upstream sector at US$17.3bn is down 78% so far this year from the total…
Read MorePolitical headlines and investor pressure provide impetus for accelerated ESG discussions
US President-elect Biden announced 10 executive actions that he will take on the first day of his presidency in January…
Read MoreLBO leverage multiples stay aggressive in 4Q20
After remaining extremely light the past two quarters, LBO activity has picked up, as private equity sponsors are putting more…
Read MoreRefinitiv LPC’s Quarterly Lender Survey: When do you expect to meet more than a handful of clients face to face?
While the adjustment to working remotely has alllowed for new efficiencies, with lenders commenting that processes such as amendments for…
Read MoreNew money loan assets make up 60% of 4Q20 leveraged volume to date
4Q20 US Leveraged loan volume was tracked at $39.8bn through October 22nd, up 8% compared to the $36.9bn raised during…
Read MoreMiddle market syndicated non-sponsored volume dropped in 3Q20
Non-sponsored syndicated loan issuance of US$10.2bn in 3Q20, was down 24% from already low 2Q20 figures. 3Q20 issuance was spread…
Read More3Q20 MM sponsored loan issuance picks up from 2Q20’s low, but still quite anemic
Sponsor-backed middle market volume showed a pick up in 3Q20 to US$5.6bn, up 120% from 2Q20’s post credit crisis low.…
Read More1-3Q20 Leveraged volume up 6% y-o-y; Asset mix skews toward HY bond issuance
US Leveraged borrowers pushed nearly US$839bn of issuance through the market during the first nine months of 2020, a 6%…
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