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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Sponsor-driven demand led private credit volumes through early 2025
[wpdm_package id=’74573′] In 1Q25, direct loans reached a total deal volume of USD 66bn, lower than the USD 363bn recorded…
High-yield bonds find favor after market chaos – Debt Dynamics NorthAm
New money high-yield (HY) bond issuance showed signs of a revival in May, following a sluggish period of lower volumes…
Loan bid-price collapse halts record-breaking refinancing volumes
The wave of repricing deals seen at the start of the year is not expected to return until the percentage…
High-yield bond default wave swells as distressed debt exchanges stack up
The trailing 12-month (TTM) US high-yield (HY) bond default rate has spiked in recent months following a steady decline through…
Senior direct lending strategies dominate private-credit fundraises in 2024
Despite challenging fundraising conditions for private market strategies persisting into 2024, the past year has seen private-credit funds break new…
The serial issuer phenomenon: mastering the art of repricing
An increasingly tight leveraged finance environment prompted borrowers to visit the loans market multiple times in 2024 in order to…
Reaping the rewards: 2024’s dividend recaps bonanza
Dividend recapitalizations are making waves in the institutional leveraged loans market. In 2024, the total volume of leveraged loans raised…
Twin peaks: loans and bonds hit new milestones in 2024
Loan issuance reached new heights in 2024. The Americas added USD 1.02trn in 4Q24 for a full-year total of USD 3.8trn, the…
Refinancing rockets, new money rises: inside 2024’s institutional loan market
The institutional loan market in 2024 has witnessed a dramatic resurgence, marked by a substantial increase in refinancing activity and…
Under pressure: leveraged loan defaults are spiking
Annual loan defaults are soaring, with this year’s rate of 4.7% surpassing 4.5% seen during the economic slowdown in 2020…
Industrial strength: surging volumes and falling costs signal robust 2024 DebtDynamics North America
Volumes in the industrials, agriculture, and chemicals sectors have seen a significant surge in the year to date (YTD) compared…
LBOs on the rebound: How leveraged loans are stealing the spotlight from direct lenders in 2024
High interest rates and uncertain market conditions slowed M&A activity among private equity firms in 2023. However, 2024 has seen…
Shaken and stirred: inflation, wage hikes and tight wallets are sinking restaurants and bars
The consumer services sector has seen a significant uptick in Chapter 11 bankruptcies in recent months, driven largely by filings…
Feeling the pinch: loan margins and OIDs are tightening
Despite a slight rebound in June, loan prices – both margins and original issue discounts (OIDs) – have continually tightened…
CLOs fuelling demand for paper, driving repricing deals
The driving force behind such an explosion in repricing deals is demand for new paper, which is currently outstripping the…
Opportunities abound: loan repricing hits historical high in 2024
Following a muted couple of years for the leveraged loans primary market, deals that include a repricing component or that…
