Posts by LSEG
Leverage levels diverged on middle market sponsored deals in 3Q17
When it comes to lending to smaller issuers, bank and non-bank lenders have very different risk tolerances in today’s market.…
Read MoreStrong investor appetite supports institutional issuance but tougher credits command better terms
Despite robust market technicals including two weeks of retail fund inflows and a steady CLO pipeline, institutional lenders are reconciling…
Read MoreLender Survey: How are you feeling about portfolio performance?
Issuers are showing flat to very slow growth but performance is stable, said 72% of the buyside and sellside respondents…
Read More1-3Q17 Leveraged loan volume sets new record at $994Bn
Amid the traditional summer lull, US syndicated loan issuance slowed meaningfully in 3Q17 to push less than $475B through the…
Read MoreLender Survey: Are the structural characteristics of loans changing for good?
Just over half of the audience gathered during Thomson Reuters LPC’s 23rd Annual Loan & CLO Conference said that structures…
Read MoreToys ‘R’ Us bankruptcy pushes DIP loan issuance to the highest level since 2009
Toys ‘R’ Us launched a US$3.125bn debtor-in-possession (DIP) facility this week after filing for Chapter 11 protection on Monday. If…
Read MoreMiddle market covenant lite deals exhibit higher leverage than covenanted deals
Private equity shops who are purchasing large middle market credits with EBITDA $40M and above have many choices on how…
Read MoreLeveraged market set to keep things rolling post-Labor Day
The leveraged loan market has not looked like it will slow down anytime soon. Year-to-date completed issuance stands at US$972bn…
Read MoreMixed earnings result in investors running from select BDCs
BDC 2Q17 earnings season is in full swing and results have been extremely mixed keeping the landscape quite bifurcated. After…
Read MoreMM Fundraising hits US$35B YTD, on track to match 2016 levels
Fundraising for middle market lending continues strong in 2017. Year to date LPC has tracked almost US$35 billion in inflows…
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