Premium for MM direct lending loan yields over large corporate credits averaged 265bp in 2Q24 Pricing tightened across all market segments in 2Q23 as demand for assets outpaced supply. This enabled borrowers to obtain more attractive pricing on new credits and refinance existing debt…. Subscribe to Read MoreAlready a member? Log in here...
1H24 New-issue CLO volume sets new record for first six months at over US$99.5bn Over US$99.5bn of new US CLO issuance has been completed through the end of June 2024, an increase of over 77% compared to the same time last year and a 23% gain compared to the prior record half year total of…
1H24 Sponsored loan volume tops US$400bn, exceeding full year 2023 results PE sponsors tapped the loan market for a record US$227bn in 2Q24, pushing sponsored issuance for the first six months of the year to over US$400bn…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged loan and HY bond volume surge in 2Q24 amid refinancing activity Leveraged issuers raised over US$484bn via the loan and high yield bond markets in 2Q24, the strongest quarterly results since 1Q21…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged borrowers continue to tap lenders for refinancings: BMC Software among largest credits to return In the absence of meaningful new money loans calendar, a steady stream of refinancings have kept arrangers of leveraged loans busy in the first 6 months of 2024…. Subscribe to Read MoreAlready a member? Log in here...
Do you expect to meet your lending goals this year? Middle market lenders were asked in a recent LPC survey if they expect to meet their lending goals this year…. Subscribe to Read MoreAlready a member? Log in here...
What are middle market lenders top 3 concerns for the remainder of the year? Middle market lenders were asked in a recent LPC survey what are their top 3 concerns for the remainder of 2024…. Subscribe to Read MoreAlready a member? Log in here...
Boosted by refinancing activity, 1H24 sponsored loan volume at highest level since 2H21 Nearly US$300bn, 1H24 sponsored loan volume to date represents the largest half year total since 2H21 and a 56% increase over the same period last year…. Subscribe to Read MoreAlready a member? Log in here...
Daily Analytic: Services and healthcare sectors see most loans added to non-accrual status in 1Q24 The weighted average non-accrual rate for public and private BDCs combined ticked down to 1.39% in 1Q24 from 1.50% in the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
New institutional loan volume remains limited in May Refinancings continue to dominate the US institutional loan calendar in 2Q24 as issuers including Golden Entertainment, 84 Lumber, Filtration Group, USI, PCI Pharma, Vertiv and Standard Building Solutions announced that they are readying repricings…. Subscribe to Read MoreAlready a member? Log in here...