Posts by LSEG
Yields of first/second-lien structures continue to tighten
The average yield has widened to 5.46% so far in 3Q17 from 4.96% in 2Q17. One of the reasons behind…
Read MoreLeverage peaks in the middle market across capital structures in 1H17
With market conditions extremely heated, leverage levels have peaked across most capital structures in the middle market in 1H17. The…
Read MorePrimary leveraged yields widen in July
Average yields have increased across the board so far in July, more so for lower rated issuers. The average yield,…
Read MoreMiddle market loan volume disappoints in 2Q17
Despite all the capital flowing into the middle market, loan supply continued to disappoint in 2Q17. Total middle market loan…
Read More1H17 US Syndicated loan volume hits record high at over US$1.2Tr
US syndicated loan issuance hit a new milestone in 1H17 to mark the highest half year total on record at…
Read MoreLarge Corporate LBO Leverage Jumped in 2Q17 to 6.4x
Leverage levels on large corporate LBO deals closed in 2Q17 has reached the highest level tracked since 4Q14. Leverage averaged…
Read MoreMiddle market sponsor-backed issuers are seeing fewer repricings than large corp. issuers
Private equity shops have taken advantage of strong liquidity in the loan market to refinance/reprice many of their portfolio companies…
Read MoreMiddle market fundraising firing on all cylinders in 2017
Money continues to pour into the middle market in a myriad of ways. For starters, 2017 is going to be…
Read MoreU.S. new issue CLO volume outpaces refinancings for first time in 2017
May marked the first month this year where U.S. new issue CLO volume outpaced refinancing volume. CLO new issue amounted…
Read MorePrimary leveraged yields tighten in May
After widening in April, average yields have tightened in May, but are still above their March level. The average yield,…
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