Debtwire Middle-Market – 3/23/2020

Oil & gas loan prices plummet 32 points amid coronavirus, oil price crash

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Source: Debtwire Par, Markit

The weighted average bid for term loans issued by oil & gas sector borrowers has plummeted by roughly 32 points to 49.36 between 21 February and 23 March, exceeding the drop in the overall market, which has declined by roughly 20 points to 76.13.