Latest crop of loan defaults underscores how steep losses can get when credit situations go wrong Secondary trading in the largest and most recently defaulted institutional loans offers a glimpse of how steep losses can get when leveraged credit situations go wrong…. Subscribe to Read MoreAlready a member? Log in here...
Yield premium on direct lender arranged MM sponsored deals tightened in 4Q25 Yields for large corporate and middle market(MM) sponsored loans – whether executed via the broadly syndicated or direct lender loan markets – tightened in 4Q25 amid abundant lender liquidity and inadequate supply of new deal flow to meet demand…. Subscribe to Read MoreAlready
US private credit lending continued on its upward trajectory in 4Q25, driven by a jump in new money financings US direct lending sponsored volume climbed to US$109bn in 4Q25, an increase of 19% from the prior quarter. This uptick was driven by add-on M&A (+78%) and LBOs (+23%), which helped push new money financings up…
US Institutional loan issuance eases in ’25 despite another buildout year for AcqFin US institutional loan issuance reached approximately US$1trn in ’25, down about 20% on the year although still the second busiest for the product…. Subscribe to Read MoreAlready a member? Log in here...
2025 US M&A loan volume jumps 43% to mark 4-year high at US$482bn US lenders completed over US$482bn in M&A loan volume in 2025, an increase of 43% compared to 2024 totals and the strongest results in 4 years…. Subscribe to Read MoreAlready a member? Log in here...
US primary market loan yields tighten in December The average primary market yield, assuming a 3-year term to repayment on first-lien institutional term loan Bs, decreased 26bp to 6.73% so far in December, down from 6.99% in November…. Subscribe to Read MoreAlready a member? Log in here...
Dueling bridge loans backing Netflix Inc. and Paramount bids for Warner Bros Discovery largest on record for US BSL market On the heels of Friday’s announcement that Netflix Inc. had won a bid to acquire Warner Bros Discovery’s TV and film studios as well as its streaming division forUS$83bn (including debt and equity)… Subscribe to
The record setting continues as BDC AUM reaches US$534bn Investors continue to allocate more capital to BDCs and in turn the upward growth trajectory shows no sign of slowing, with BDC assets under management (AUM) climbing to a record US$534bn in 3Q25…. Subscribe to Read MoreAlready a member? Log in here...
US syndicated LBO loan volume has reached US$84bn YTD; Additional US$25bn in pipeline US BSL loan volume backing private equity sponsored activity totaled US$969bn so far this year…. Subscribe to Read MoreAlready a member? Log in here...
US repricings slow in early 3Q25 as new loan assets re-emerge US leveraged lenders completed just under US$18bn of repriced institutional loan volume during the month of October, down from over US$23bn in September and less than half of August totals (US$43bn) and one fifth of July results (US$94.2bn)…. Subscribe to Read MoreAlready a member?