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...
Global SLL issuance is down 5% year over year at less than US$190bn Having reached a high of over US$617bn globally in 2021, sustainable loan issuance has tapered off in the last two years…. Subscribe to Read MoreAlready a member? Log in here...
Daily Analytic: US downward price flexes continue in 2Q24 After a record first quarter, the number of downward price flexes on first-lien institutional loans continues to be strong through early May…. Subscribe to Read MoreAlready a member? Log in here...
Leverage declined for both direct lending and syndicated deals in 1Q24 Total leverage on sponsored middle market deals ticked down to 4.44x in 1Q24, driven by a drop in first lien leverage. First-lien leverage came in at 4.20x in 1Q24, down from 4.33x in 4Q23, while junior leverage in contrast increased modestly to 0.24x from…
US sponsored middle market direct lending volume fell by 10% in 1Q24 Overall sponsored middle market loan volume fell by 6% to US$31.7bn in 1Q24, though it still represented a 46% gain year-over-year. Breaking out this activity, direct lending deal flow amounted to US$22.8bn in 1Q24 versus US$8.8bn of syndicated deals…. Subscribe to Read MoreAlready
1Q24 ABL loan volume down 76% year over year at US$15bn US lenders completed US$15bn of asset based loan volume in 1Q24, marking the lowest quarterly total since 3Q20 during the height of the Covid pandemic and a 76% drop in issuance year over year…. Subscribe to Read MoreAlready a member? Log in here...