US repricings slow in early 3Q25 as new loan assets re-emerge

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US leveraged lenders completed just under US$18bn of repriced institutional loan volume during the month of October, down from over US$23bn in September and less than half of August totals (US$43bn) and one fifth of July results (US$94.2bn).  Most of the drop off is attributed to the building leveraged pipeline.  October saw over US$24.5 of new leveraged institutional loan assets clear the market, the greatest monthly total so far this year.  Almost US$18bn or 74% came in the form of M&A financing.

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