Posts by LSEG
Unitranche volume reached $7.5B in 4Q18 and $27B in 2018
LPC tracked US$7.5bn in unitranche facilities closed in 4Q18, down slightly from the US$8.9bn tracked in 3Q18, but still quite…
Read MoreNon-sponsored middle market lending increased to US$102bn but new money collapsed
The non-sponsored market continued to tread along in 2018. Issuance was up for the second year in a row to…
Read More2018 US M&A loan volume sets new record at over US$648Bn
At over US$648bn, US syndicated M&A loan volume set a new record in 2018, topping 2017’s high of US$537bn. The…
Read MoreDiscounts widen as volatility hits the primary loan market
Loan market sentiment has shifted dramatically this quarter as broader market volatility sent waves into the leveraged loan market. Concerns…
Read MoreLoan bids continue to decline amidst broader market volatility
LPC’s most liquid 100 loans cohort traded down again yesterday to 96.15, its lowest level since March 2016. The volatility…
Read MoreMM cov-lite issuance of $22B YTD slightly behind 2017’s record high
Year to date middle market covenant lite volume has reached US$22bn. This is only about 11.5% behind 2017’s all time…
Read MoreMM sponsored spreads not yet showing impact of leveraged loan volatility
Whenever volatility and investor pushback strikes the leveraged loan market, it always takes time for those effects to move down…
Read MoreUS M&A loan issuance continues at a healthy pace this quarter
At around the halfway point in the quarter, US M&A activity has remained busy. Through November 14, there has been…
Read MoreCombined AUM surpassed $750bn for U.S. CLOs and retail loan funds
CLOs manage roughly half of current institutional loan outstandings with retail loan funds managing an additional 14%. Their respective shares…
Read MoreAfter a tumultuous October, BDC price/NAV turns back up amid favorable earnings
BDC share prices are back on the mend this month amid favorable 3Q18 earnings following an extremely volatilie October which…
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