New money loan assets make up
60% of 4Q20 leveraged volume to date

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4Q20 US Leveraged loan volume was tracked at $39.8bn through October 22nd, up 8% compared to the $36.9bn raised during the same time last year. Of this total, $24bn or 60% of quarterly issuance thus far represents new loan assets while the balance has been a series of refinancings.