Posts by LSEG
Distressed percentage accelerates on BDC loans
For several years in an asset and yield starved market, BDCs stretched up the risk spectrum in an effort to…
Read MoreBDC leverage on the rise, one tool to combat falling Libor
After peaking in December 2018 at over 2.8%, 3-month Libor has since fallen to 1.9% and BDCs are reporting lower…
Read MoreAverage US second-lien secondary bids at lowest levels since 2016
US second-lien loans have traded down considerably in the secondary market over the past few months. The last round of…
Read MoreTotal leverage on large corporate US LBO loans remains high in 4Q19, but senior leverage declines
At a time when investors have been pushing back on pricing and structure on riskier loans, total leverage on US…
Read MoreFlight to quality continues on in the US leveraged loan market
Looking at year-to-date average secondary bids along with loan volume highlights the flight to quality seen in the US loan…
Read MoreRecent investor challenged single-B deals have yet to gain traction since breaking in the US secondary market
As bifurcation among credits continues, a number of recently launched deals for single-B names received significant investor pushback during syndication.…
Read More1-3Q19 Sponsored loan volume off 48%; LBO volume at 3-year low
Less than US$90bn in syndicated loan volume backing PE sponsor activity was completed in the US market in 3Q19, the…
Read More1-3Q19 Leveraged issuance down 32%; Institutional volume at 5 year low
The 3Q19 leveraged market logged just over US$245B of issuance, flat from year ago levels, to push 1-3Q19 totals to…
Read MoreAs Libor declines, Libor floors begin to trickle back
As interest rates continue to decline, Libor floors are on investors’ minds once again. As of September 24, the 3-month…
Read MoreSustainability-linked loan volume dominates Green-ESG pipeline
Year to date, over US$83bn in global green and ESG linked loan volume has been announced, almost two times year…
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