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...
Refinancings drove record 1Q26 US ABL volume, excluding the 1Q23 LIBOR/SOFR surge US syndicated ABL activity rose sharply in 1Q26, with total issuance reaching US$29.9bn, up 31% year-over-year and marking the strongest first quarter on record when excluding the LIBOR‑to‑SOFR transition driven surge in 1Q23…. Subscribe to Read MoreAlready a member? Log in here...
1Q26 US Sponsored direct lending volume down across financing purposes Direct lenders raised less than US$77bn to back sponsor activity in 1Q26, a 30% decline compared to 4Q25 results…. Subscribe to Read MoreAlready a member? Log in here...
Unitranche deal flow falls sharply in 1Q26 Amid fears around the potential impact of AI disintermediation on software and other sectors plus a challenging geopolitical backdrop, unitranche deal flow fell sharply in both the large corporate and middle market segments in 1Q26…. Subscribe to Read MoreAlready a member? Log in here...