The US institutional loan market continues to gain momentum as investor appetite remains strong. This is evident in flex activity…
So far this quarter, 51 downward price flexes on first-lien institutional yields have been reported, 55% higher than last quarter. This is the most price cuts since 4Q21, when 73 downward price flexes were tracked. Some issuers, like Syneos Health, who is in market with a US$2.7bn term loan B, have even been able to flex pricing twice.
(Past performance is no guarantee of future results.)
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Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.