US syndicated loan issuance backing M&A purposes reached US$255.3bn during 1H26, driven primarily by IG volume US syndicated loan issuance backing M&A activity totaled US$255.3bn during the first six months of the year, with the majority of volume coming from investment grade activity…. Subscribe to Read MoreAlready a member? Log in here...
At US$465bn, 2Q26 US syndicated loan volume buoyed by 22% jump in investment grade lending US lenders completed over US$936Bn of loan issuance via the broadly syndicated market in 2Q26, to bring 1H26 totals to nearly US$1.873trn, up roughly 6% compared to the same time last year…. Subscribe to Read MoreAlready a member? Log in
Average US TLB pricing tightens amid flush of repricings and refinancings Amid a limited new money leveraged loans pipeline, refinancings and repricings have dominated 2Q26 issuance, pushing average term loan spreads down in the process…. Subscribe to Read MoreAlready a member? Log in here...
BDC investments maturing by end of 2027 total over US$21bn, representing 8.5% of loan assets The maturity profile of BDC loan investments does not point to a major deterioration in the near-term…. Subscribe to Read MoreAlready a member? Log in here...
US syndicated sponsored loan volume tops US$483.8bn YTD, driven primarily by refinancing activity US sponsored lending reached US$483.8bn year-to-date through May of 2026, marking an increase of 29% compared to the same period last year, with refinancings accounting for US$281.3bn in volume, while new money totaled US$202.5bn, or 58% and 42% of issuance, respectively…. Subscribe
Leveraged issuance expands for second consecutive month despite slower M&A pipeline US LevFin issuance reached nearly US$150bn in May. While business expanded roughly 20% on the month and continued to improve after bottoming in March, the pickup wasn’t all that compelling once you kicked the tires and looked underneath the hood…. Subscribe to Read MoreAlready
Institutional loan repricings return in May, with issuers wielding most of the negotiating power With more than 40% of secondary loans trading above par despite a 96-handled average bid, the repricing trade has come bustling back for issuers able enough and ready to go…. Subscribe to Read MoreAlready a member? Log in here...
BDC share price to net asset value remains under pressure BDC valuations remain under pressure, driven by negative headlines around private credit and fears around the potetial impact of AI on software companies, a sector in which many BDCs have sizeable stakes…. Subscribe to Read MoreAlready a member? Log in here...
Technology loans move higher but continue to trade at a discount to the broader secondary market Technology loans continue to trade at a discount to the broader secondary market, as investors have reassessed their exposure to the software sector amid fears that AI could disrupt companies in this sector…. Subscribe to Read MoreAlready a member?
US CLO issuance totaled US$6.2bn in April, the lowest since December 2023 New-issue US CLO volume amounted to US$6.2bn in April via 14 deals, down from US$18.1bn raised from 38 deals during March…. Subscribe to Read MoreAlready a member? Log in here...