US LBO Capital Structures: In world of high valuations, increased senior leverage and equity prevail in 3Q24 While pro forma leverage and equity contributions for US large cap LBO transactions have remained elevated, and continue to move higher and parallel with valuations despite higher rates, capital structures have evolved accordingly…. Subscribe to Read MoreAlready a
Record setting 1-3Q24 US sponsored loan volume tells mixed story US sponsor tapped lenders for nearly US$186bn in loan financing in 3Q24, pushing 1-3Q24 issuance levels to a record setting high of US$668bn. There were caveats to the strong results however…. Subscribe to Read MoreAlready a member? Log in here...
At US$110bn, 3Q24 M&A loan volume highest quarterly total in 2 years The US broadly syndicated loan market supported over US$110.5bn of acquisition financing in 3Q24, the strongest quarterly results in over two years, pushing 1-3Q24 totals to nearly US$266bn…. Subscribe to Read MoreAlready a member? Log in here...
Middle Market Survey – Were you able to lend as much as you wanted to in 3Q24? Many middle market lenders found sufficient opportunities hard to come by in the most recent quarter, according to LSEG LPC’s 4Q24 Middle Market Outlook Survey…. Subscribe to Read MoreAlready a member? Log in here...
YTD 2024 US repricing volume at over US$300bn Nearly US$310bn of completed US loan volume represents repriced credits so far this year…. Subscribe to Read MoreAlready a member? Log in here...
Over US$2bn of loans added to BDC non-accrual status in 2Q24. non-accrual rate ticks up Over US$2bn of BDC loans were added to non-accrual status in the most recent quarter. In turn, the weighted average non-accrual rate for public and private BDCs combined ticked up to 1.66% in 2Q24…. Subscribe to Read MoreAlready a member?
New money leveraged loans have a stronger showing in 3Q24 After a slow start to the year, leveraged issuers are increasingly tapping lenders for new and/or incremental loan capacity…. Subscribe to Read MoreAlready a member? Log in here...
Institutional loans calendar slows in August amid traditional summer holidays but ahead of year ago-levels At just under US$31bn, the US institutional loans calendar edged down modestly in early August (from US$34.4bn) as lender and issuer activity slowed ahead of the peak summer holidays…. Subscribe to Read MoreAlready a member? Log in here...
Retail loan funds inflows climbed to US$2.7bn in July, taking YTD total to US$14.1bn Retail loan funds last week posted their first outflow in 6 weeks, with US$91m exiting…. Subscribe to Read MoreAlready a member? Log in here...
Middle Market Survey – Were you able to lend as much as you wanted to in 2Q24? Even though middle market loan volume increased by 27% to US$67.2bn in 2Q24, many middle market lenders found sufficient opportunities hard to come by in the most recent quarter, according to LSEG LPC’s 3Q24 Middle Market Outlook Survey….