Leveraged Loan Launches Slow in October

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At just $36.3b launched into the US institutional leveraged loan market this October through the 21st, it is shaping up to be the slowest month of primary market activity since May. This week has shown some improvement, with 10 deals totaling $8.1b launched so far, up from seven deals for $4.0b the previous week. However, both weeks rank among the softest since late August, reflecting a continued slowdown in market activity.