Direct Lending Deals

KBRA Direct Lending Deals: News & Analysis - 4/22/2024

Refinancings redefine the direct lending market, claim 36% share in 1Q24 TTM Default Volume, Count Refinancings claimed 36% of 1Q24 direct lending volume in the US, the largest share of all proceeds, and the second-largest quarterly share for refinancings, behind the 41% in third quarter last year as tracked by KBRA DLD. Prior to 3Q23,…

KBRA Direct Lending Deals: News & Analysis - 4/1/2024

Defaults: Rates steady, but signs point to increases later this year Direct lending defaults and non-accruals are low, yet other key measures suggest there’s room for growth in both segments later this year and into 2025. Some expect fragile assets to start crumbling by the second half of 2024—there’s not much runway left after an…