Debtwire
Soaring 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…
Read MoreLBOs and refinancing drive direct lending rebound in 3Q25
Direct lending volumes saw a substantial rise in 3Q25, climbing 26% quarter-on-quarter (QoQ) to USD 89.5bn from USD 71bn in…
Read MorePrimary market cools down, dividend recaps on the rise
Institutional leveraged loan issuance dropped to USD 55bn in October, down 42% from USD 96bn in September. This decline followed a…
Read MoreHigh-yield bond market roars in September with all-time high volumes
High-yield (HY) bond issuance in September rose to the highest volume on record, according to Debtwire data. The USD 55bn issued…
Read MoreDirect lending stability and resilience shine in times of leveraged loan market collapse
Direct lending showed notable resilience in 2Q25, while loan market volumes collapsed amid heightened volatility and a broader economic slowdown…
Read MoreDirect lenders leverage PIK loans for competitive gain
While payment-in-kind (PIK) loans are uncommon in the broadly syndicated loan market, where cash interest payments are standard, direct lenders…
Read MoreSponsor-driven demand led private credit volumes through early 2025
In 1Q25, direct loans reached a total deal volume of USD 66bn, lower than the USD 363bn recorded in the…
Read MoreHigh-yield bonds find favor after market chaos – Debt Dynamics NorthAm
New money high-yield (HY) bond issuance showed signs of a revival in May, following a sluggish period of lower volumes…
Read MoreLoan bid-price collapse halts record-breaking refinancing volumes
The wave of repricing deals seen at the start of the year is not expected to return until the percentage…
Read MoreHigh-yield bond default wave swells as distressed debt exchanges stack up
The trailing 12-month (TTM) US high-yield (HY) bond default rate has spiked in recent months following a steady decline through…
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