Daily Analytic: Survey – Unitranche spreads shift lower
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![](https://www.theleadleft.com/wp-content/uploads/2024/04/LSEG-0401-1024x723.png)
Stiffer competition from the syndicated market has put pressure on direct lenders to tighten spreads on unitranche loans. According to LSEG LPC’s 2Q24 Middle Market Outlook Survey, 36% of direct lender respondents said their minimum threshold for unitranche spreads was in the 500-525bp range.