Supported by increase in high grade financings, 2Q25 US M&A loan volume up 64% y-o-y; LBO activity declines

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Brushing aside tariff woes, inflation concerns and geopolitical fears, US lenders raised US$228.5bn of new loan assets in 2Q25, a 29% jump compared to the year ago period, to push 1H25 totals to nearly US$407bn (compared to less than US$ 358bn raised in 1H24).