US institutional market flex activity has favored issuers so far this month

September deals in the institutional loan market have so far been well received by investors. The Flex Factor has tracked 6 flexed deals so far this month with 5 of them being in favor of issuers. This has allowed for an issuer friendly average flex score of -0.7 month-to-date. The Flex Factor aggregates price and structural flex activity on institutional loans in order to gauge investor