At US$465bn, 2Q26 US syndicated loan volume buoyed by 22% jump in investment grade lending US lenders completed over US$936Bn of loan issuance via the broadly syndicated market in 2Q26, to bring 1H26 totals to nearly US$1.873trn, up roughly 6% compared to the same time last year…. Subscribe to Read MoreAlready a member? Log in
US Leveraged Loan Issuance Holds Steady in June The US leveraged loan market has continued to see steady levels of issuance, with approximately $69.1b priced through June 24 with an additional $17.4b expected to price before month-end. Following May’s $105.9b figure, current issuance dynamics have shifted significantly from March and April, when volumes totaled just…
46% of Traded BDCs Had Over 5% of Nonaccrual Exposure (at Cost Value) in Q1’26, up From 31% in Q4’25 To access the full Q1’26 nonaccrual report, please click HERE or email kim.giancaspro@octus.com… Subscribe to Read MoreAlready a member? Log in here...
BDC Valuations Weaken in 1Q26 as Leverage Rises and Dividend Pressure Builds Click here to learn more. Business development company (BDC) portfolio valuations came under pressure in 1Q26 as market spreads widened, software company valuations declined, and non-accruals increased, according to a new report from Fitch Ratings…. Subscribe to Read MoreAlready a member? Log in
Share of PE middle-market exit value by type Download PitchBook’s Report here. Middle-market exit activity carried through into 2026, with a Q1 total exit value of $32 billion across 218 transactions, up 14% and 1.5% YoY, respectively…. Subscribe to Read MoreAlready a member? Log in here...
Average US TLB pricing tightens amid flush of repricings and refinancings Amid a limited new money leveraged loans pipeline, refinancings and repricings have dominated 2Q26 issuance, pushing average term loan spreads down in the process…. Subscribe to Read MoreAlready a member? Log in here...
Senior debt shows strong deployment The strategy’s popularity with investors peaked in 2024, as did the amount of capital being deployed. In 2024, amid a volatile economic and political environment, investors demonstrated a flight to safety by flocking to senior debt strategies. It was a year that saw senior debt’s share of all global private…
US Leveraged Loan Prices Rise Ahead of Fed Meeting Following a Federal Reserve Open Market Committee meeting in which all 12 members unanimously voted to hold rates steady in the face of persistent inflation, expectations of another rate cut this year have all but evaporated. Kevin Warsh, in his first meeting as Fed Chair, committed…
The Number of Issuers With Nonaccruals Maturing Through 2028 Increased by 4% in Q1’26 Request access to the full report HERE or email kim.giancaspro@octus.com… Subscribe to Read MoreAlready a member? Log in here...
U.S. Private credit default rate remains at record high 6.0% in May 2026 Click here to learn more. Fitch Ratings recorded a U.S. Private Credit Default Rate (PCDR) of 6.0% for the TTM ending May 2026, unchanged from April 2026…. Subscribe to Read MoreAlready a member? Log in here...