LSEG LPC
Global SLL issuance is down 5% year over year at less than US$190bn
Having reached a high of over US$617bn globally in 2021, sustainable loan issuance has tapered off in the last two…
Read MoreDaily Analytic: US downward price flexes continue in 2Q24
After a record first quarter, the number of downward price flexes on first-lien institutional loans continues to be strong through…
Read MoreLeverage declined for both direct lending and syndicated deals in 1Q24
Total leverage on sponsored middle market deals ticked down to 4.44x in 1Q24, driven by a drop in first lien…
Read MoreUS sponsored middle market direct lending volume fell by 10% in 1Q24
Overall sponsored middle market loan volume fell by 6% to US$31.7bn in 1Q24, though it still represented a 46% gain…
Read More1Q24 ABL loan volume down 76% year over year at US$15bn
US lenders completed US$15bn of asset based loan volume in 1Q24, marking the lowest quarterly total since 3Q20 during the…
Read More1Q24 US Leveraged volume up 46% year over year; Highest quarterly total in over 2 years
US leveraged lenders completed US$347.5bn of issuance across the high yield bond and leveraged loan markets in 1Q24, a 46%…
Read MoreDaily Analytic: Survey – Unitranche spreads shift lower
Stiffer competition from the syndicated market has put pressure on direct lenders to tighten spreads on unitranche loans. According to…
Read MoreBDC assets under management reach a new high of US$315bn
BDC assets under management (AUM) reached a new high of US$315bn at the end of 2023. The new record represented…
Read MoreSurvey: Outlook for Middle-Market M&A Lending in 2Q24
According to preliminary results from LSEG LPC’s quarterly middle market lender outlook survey, a large majority, nearly 70%, of respondents…
Read MoreNearly US$15bn of US LBO loan volume completed as BSL market strengthens
The US BSL market has completed nearly US$15bn of loan volume backing sponsor buyout activity so far this year, up…
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