Posts by LSEG
Retailers expected to file Chapter 11 in the coming weeks as loan bids drop between 46%-66% this year
The retail sector, hit hard by the coronavirus economic shutdown, has seen a flurry Chapter 11-related activity in the last…
Read MoreCOVID-19 hits unitranche issuance in 1Q20
After growing for three straight quarters and hitting an all time record high in 4Q19, unitranche volume took a steep…
Read More1Q20 MM non-sponsored syndicated loan issuance mirrored 1Q19’s dire levels
At US$16bn, 1Q20 non-sponsored issuance was down 25% from 4Q19 and was on par with 1Q19, which was the slowest…
Read MoreNew money lending for MM sponsored deals drops for third quarter
New money lending in the syndicated loan market backing middle market sponsored deals fell for the third consecutive quarter in…
Read MoreHopes for building 2020 loan mart are shortlived as Covid-19 spreads
Several headlines have rattled the markets over the last few years – some were fuelled by geopolitical unrest, some by…
Read MoreBDC share prices rally after plummeting to below 0.4x book value earlier in week
BDC share prices rallied on Thursday following the coronavirus relief bill cleared by the U.S. Senate. At the start of…
Read MoreCRC and Chesapeake TLs lead largest losers in falling oil and gas loan prices
As oil and gas companies try to weather these tumultuous times, some investors are worried that reduced revenue may push…
Read MoreUnitranche in price discovery mode, likely moving back over 600bp
Amid falling Libor and more volatile pricing conditions in the syndicated market, unitranche pricing is moving higher after hitting rock…
Read MoreAs deals get pulled from the market, US institutional loan pipeline sinks under US$14bn
Behind a weakening primary loan market impacted by fears of the spread of coronavirus, the US institutional loan pipeline sank…
Read MoreOil and gas is the top defaulted sector in U.S. CLOs as of January
At the end of January 2020, oil & gas, aerospace and defense, and mining were the top defaulted sectors in…
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