
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. Thus far in May alone, over US$91bn of institutional issuance has been closed – of this total, hearly US$71bn or 77% came via refinancings.
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Multiples on PE buyouts
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This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.
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