Tracking data in the capital markets is often a challenge. There are lies, damnable lies, and leveraged loan statistics.

But when a lot of metrics point in the same direction, truth is buried there somewhere. Such is the case with data showing both M&A and related loan volume slumped for the third quarter, large and mid caps, as well as U.S. and non-U.S. transactions.

Institutional M&A loan volume was also off last quarter, though refinancings were up. That did not include recaps, which declined for broadly syndicated and middle markets….

▶︎ Read Oct 28 2019 newsletter: here