US Leveraged Loans Post Consecutive Monthly Losses Click here to access Bloomberg’s US Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN), a measure of the US institutional, broadly syndicated, leveraged loan market, continued its downward trend in April…. Subscribe to Read MoreAlready a member? Log in here...
Lenders offer deep discount on new loans in April To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Primary issuance has come at a discount amid a broader selloff in the leveraged loan secondary market, which has led bids to decline to an average of 95.77 on April 30th from…
Leveraged Loan Market Dries Up Amid Economic Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The reduction in US institutional leveraged loan issuance has been drastic – with just $3.1b priced through April 22nd, it amounts to the worst month of loan issuance since July 2022’s $3.5b, which followed the Federal Reserve’s historic…
Launch Drought Extends to 14 Days, Setting Bleak New Record Click here to access Bloomberg’s US Leveraged Finance Chartbook Wednesday, April 16th was the 14th business day running without a leveraged loan launch, marking the longest such primary issuance draught since Bloomberg began tracking the data in 2013…. Subscribe to Read MoreAlready a member? Log
Loan prices plummet in secondary market amid tariff-fueled volatility Secondary market bids on US leveraged loans have tumble 329 bps from their January high to an average bid of 94.41 on April 9th, the lowest level seen since July 2023, according to the Morningstar LSTA US Leveraged Loan Index…. Subscribe to Read MoreAlready a member?
New money financing remains muted as M&A off to slow start in 2025 At just $35.9b or 11% of volume in Q1 2025, new money financing remains sluggish amid record levels of issuance. At $339.2b, first quarter issuance was among the busiest since Bloomberg began tracking the data in 2013, however that did not translate…
After Record January US Leveraged Loan Issuance Tapers Off in Q1 Following a record January that saw more US institutional leveraged loans price than any year since Bloomberg began tracking the data in 2013, at $185.96b, issuance slowed to $95.03b in February and has continued to decline to just $45.27b through March 26th…. Subscribe to
US Leveraged Loan Primary Market Slowdown Continues After a record start, US leveraged loan launches last week fell to their lowest level this year at just $10.56b. This week, just $4.51b has launched through March 19th, as the pace of issuance over the last four weeks has slowed to an average of $14.4b compared to…
Monthly Returns Diminish Amid Heightened Uncertainty The Bloomberg US Leveraged Loan Index (Ticker: LOAN), a measure of the US institutional, broadly syndicated, leveraged loan market, returned just 0.21% in February, marking the weakest return since October 2023…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Issuance Slows in February February’s $95b of US institutional leveraged loan issuance declined 49% from January’s $186.4b and represents the lowest volume since last August’s $27.7b. While it was a significant slowdown from last month, February issuance was up 51% from the same month a year ago, and year-to-date issuance is at…