July Sets Record for US Leveraged Loan Launches

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The US leveraged loan market has set a record in terms of monthly launch volume, with July deal flow exceeding $218.8b. It was the busiest month for launches by both volume and deal count (153) since Bloomberg began tracking the data in 2013, shattering the previous record of $206.7b set in January. Seven of the top ten months of launches have come in the last two years, as issuers have flooded the market to reprice existing debt.