Debtwire
Middle market debt held by BDCs vs High yield vs Treasury yields
The blue line represents the current dividend yield of the VanEck BDC Income ETF (BIZD), which stood at 12%. The…
Read MoreDirect lending holds firm as sponsor-backed LBOs dominate 1Q26
Despite negative headlines around private credit at the start of 2026, including panic redemption requests from retail investors, direct lending…
Read MoreStrong Primary Issuance Masks Fragile Loan Sentiment
Stronger primary issuance and rising bids mask fragility in leveraged loan market sentiment – DebtDynamics NorthAm Secondary loan prices rallied…
Read MoreTech loan issuance slows as credit markets turn selective
Technology issuance in the institutional leveraged loan market fell to just USD 550m in April, marking the sector’s lowest monthly…
Read MoreJumbo LBO deals steal spotlight in March amid macroeconomic uncertainty
Leveraged buyout (LBO) activity reached USD 17.9bn in March, the highest monthly total since USD 22.8bn in September 2021. The…
Read MoreAI shockwaves expose concentration risk in tech‑led direct lending
Technology companies have consistently accounted for more than one-third of direct lending issuance over the past three years. In 2025…
Read MoreDirect lending ends 4Q25 with its strongest quarter in three years
Direct lending volumes surged 24% quarter-on-quarter (QoQ) to USD 119.5bn in 4Q25, compared with USD 96.2bn in 3Q25. The volume…
Read MoreHigh yield bond issuance surpasses institutional leveraged loan issuance in February
High-yield (HY) bond issuance surpassed institutional leveraged loan issuance in February. HY bond volume reached USD 29.7bn for the month,…
Read MoreTech selloff makes waves in leveraged loan market
The percentage of tech loans trading above par in the secondary loan market plummeted from a high of 47% on…
Read MoreSoaring sponsor-backed M&A activity sets stage for resurgent debt market in early 2026
Sponsor-backed M&A transactions totaled USD 165bn in December 2025, the second-highest monthly volume in the past decade, just trailing USD…
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