Leverage Widened QoQ Across the top 5 Sectors Tracked in Q4’25, Except for Business Services; Spreads Tightened for Most Except for the Healthcare Sector
Octus’ private credit data shows that software and technology deals saw the highest leverage by sector in Q4’25, while spreads continued to compress. Tightening has also been most pronounced in this space; on average, software and technology direct loans experienced tightening of approximately 80-90 basis points between 2024 and year-end 2025.
Click here to request access to the full analysis.
Contact Kim Giancaspro
Latest news
US leveraged loans returns turn negative in October
October 22, 2026
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
October 22, 2026
In the third quarter of 2026, acquisition-linked loan volume across North America and Europe reached about $47 billion, up from $30.6 billion in Q2 and $29.5 billion a year ago.
