LSEG LPC
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…
Read More1Q26 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.
Read MoreUnitranche 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…
Read MoreLBO leverage multiples hold steady, show signs of normalization in 1Q26
Although leverage multiples on recent large cap LBOs have eased marginally, averaging 5.5x in 1Q26 versus 5.6x in 4Q25, debt…
Read More1Q26 US broadly syndicated loan volume totaled US$779bn, down 6% YoY
The US broadly syndicated loan market closed the first quarter of 2026 with nearly US$779bn in issuance, down 10% from…
Read MoreBDC AUM climbed to a new high of US$568bn in 4Q25
The year-end 2025 BDC filing season is nearing an end, with most of the largest BDCs having published their results.
Read MoreUS primary market loan yields increase to their highest level since April 2025
The average primary market yield, assuming a three-year term to repayment on first-lien institutional term loan Bs, has widened to…
Read MoreUS LevFin issuance slips in February amid softer, more volatile market backdrop
US LevFin issuance topped US$160bn in February, although business slipped 11% from January amid a noticeably weaker market backdrop. Bank…
Read MoreUS sponsored loan volume tops US$148.7bn YTD, driven primarily by refinancing activity
At US$148.7bn, US sponsored lending was down 26% during the first two months of the year compared to the same…
Read MoreSoftware loans continue to come under pressure as investors reasses exposure to the sector
Fears that AI could disrupt software companies have prompted a broad sell-off in that sector this year and the downward…
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