Debtwire Middle-Market – 10/7/2024

LBOs on the rebound: How leveraged loans are stealing the spotlight from direct lenders in 2024

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High interest rates and uncertain market conditions slowed M&A activity among private equity firms in 2023. However, 2024 has seen a resurgence in leveraged buyout (LBO) activity, with many of the largest deals opting for leveraged loans over direct lending for financing.