European mid-market direct lending margins face steady compression since 2024
|September 24, 2026

Read the full Data DropĀ here.
European mid-market direct lending margins have seen consistent compression over recent years but recorded a slight increase in the second quarter of 2026, reaching an average of 553bps over reference rates, up from 542bps in the first quarter.
Contact Kim Giancaspro
Latest news
US leveraged loan launches reach five-month high in September
October 7, 2026
The US leveraged loan market recorded $93.6b of launches in September, marking the busiest month of primary market activity since…
Information technology topped nonaccruals on a cost basis
October 7, 2026
The information technology sector moved from second place in the first quarter to the top of the list in the second quarter