LSEG LPC
1Q25 Syndicated ABL volume up 29% year-over-year at US$22bn
US lenders syndicated just over US$22bn of asset-based loan issuance in 1Q25, marking a 29% year-over-year increase and remaining flat…
Read MoreUS institutional loans pipeline grinds down to US$5.1bn amid tariff whiplash
Early in the second quarter, the institutional loan calendar stands at just over US$5bn, the lowest level in 5 years.
Read MoreInstitutional loan repricings decline alongside secondary loans in 1Q25
The secondary loan market had a deceivingly challenged quarter. Par-plus loans accounted for more than 53% of the market at…
Read MoreEvolution of leveraged loans by vintage shows notable reductions in near-term maturity walls
Leveraged loan issuers have continued to proactively manage their capital structures via refinancings and extensions, driving significant reductions in near-term…
Read MoreBDC AUM growth shows no signs of slowing, climbing to US$438bn
BDC market growth shows no signs of slowing, with assets under management (AUM) soaring to a record US$438bn in 4Q24.
Read MoreRefinancings continue to dominate institutional loans calendar in 1Q25
Despite steady loan market liquidity and unabated demand for assets, new institutional loan volume – at US$37bn – has been…
Read MoreM&A Deal Activity
Amid the whiplash of “will they or won’t they” come into effect, talk of tariffs have contributed to the slowest…
Read MoreBDC portfolio marks move lower for majority of funds that have reported 4Q24 earnings
BDC earnings season is underway, with 50 funds having filed their 4Q24 results as of February 28th. For this cohort…
Read MoreAs par-plus loans begin to drift lower, new repricing candidates prove no easier to find
Regardless of where one points the blame – a slight downshift in technicals, cracks in broader market conditions, or the…
Read MoreWeighed by repricings, term loan B spreads begin to diverge between single-Bs and double-Bs, although relative value holds steady
After new-issue clearing yields tightened for three consecutive months, averaging 7.3% in January and marking another fresh monthly low since…
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