Leveraged loan market expected to pick up amidst
more volatile market backdrop

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Completed US leveraged loan volume totals US$105bn so far this quarter as lenders look for a pick-up in activity after the Labor Day holiday. 3Q19 leveraged issuance comprises US$59.8bn in new money volume with another US$45.3bn in refinancing volume. Refi activity has been hampered by choppy market conditions combined with the usual summer slowdown.