US Leveraged Loan Issuance Continues Decline in April New issuance continued to trickle in this April, with just $25.06b priced through the 29th, down approximately 15% form last month’s figure of $29.6b and amounting to the lowest level of issuance since April 2025 when just $7.9b priced following “Liberation Day” tariffs…. Subscribe to Read MoreAlready
Loan Funds See Inflows Following Steady Stream of Redemptions Click here to access Bloomberg’s latest Global Leveraged Loan Index Report Retail investors have returned to loan funds following two months of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $265m in inflows this month through April 21, a reversal from the $125m in outflows…
US Leveraged Loan Launches Remain Muted Amid Wider Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The US leveraged loan market has struggled to regain momentum following a sharp slowdown in issuance in February, as market volatility continues to weigh on activity. This week has shown signs of improvement, as $9.4b has been…
Lenders Offer Deeper Discounts to Clear Primary Market Transactions Click here to access Bloomberg’s US Leveraged Finance Chartbook Amid subdued deal flow and continued volatility in the secondary market, lenders have increasingly relied on deeper original issue discounts (OIDs) to successfully syndicate new leveraged loan transactions. In March, the OID (original issue discount) on US…
US Leveraged Loans Post 0.48% Gain in March The Bloomberg US Leveraged Loan Index (Ticker: LOAN) posted a return of 0.48% in March, reversing a decline that began in January and brings the year-to-date return to -0.56%…. Subscribe to Read MoreAlready a member? Log in here...
Q1 US Leveraged Loan Issuance Poised for Sharp Year-Over-Year Decline US leveraged loan issuance has slowed significantly in the first quarter of 2026. Through March 25, monthly issuance totaled just $22.35b, bringing the year-to-date total to $217.15 billion for Q1. This represents a 37% year-over-year decline, while March issuance is down 61% compared to the…
M&A Activity Provides Support to Stalling US Leveraged Loan Market Click here to access Bloomberg’s US Leveraged Finance Chartbook The US leveraged loan market has struggled to regain momentum following a sharp slowdown in issuance in February, as market volatility continues to weigh on activity. While conditions have shown modest improvement, with $12.1b brought to…
US Leveraged Loans Extend Declines in February Click here to access Bloomberg’s latest Global Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN) posted a negative return of -0.86% in February, marking the first consecutive monthly decline since last April. Average secondary market prices on US leveraged loans dropped to 94.89 on…
US Institutional Loans See Pricing Widen Amid Broader Selloff Click here to access Bloomberg’s US Leveraged Finance Chartbook Pricing conditions in the US institutional leveraged loan primary market widened in February, as borrowing costs increased amid a more cautious market backdrop…. Subscribe to Read MoreAlready a member? Log in here...
February Loan Issuance Slows Sharply Amid Market Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook Through February 25, just $22.85b of US institutional leveraged loans have priced, with an additional $9.54b expected to allocate before month-end. Even if all scheduled deals price, total issuance will fall well short of January’s $164.1b, marking a…