US primary market loan yields tighten in December The average primary market yield, assuming a 3-year term to repayment on first-lien institutional term loan Bs, decreased 26bp to 6.73% so far in December, down from 6.99% in November…. Subscribe to Read MoreAlready a member? Log in here...
Dueling bridge loans backing Netflix Inc. and Paramount bids for Warner Bros Discovery largest on record for US BSL market On the heels of Friday’s announcement that Netflix Inc. had won a bid to acquire Warner Bros Discovery’s TV and film studios as well as its streaming division forUS$83bn (including debt and equity)… Subscribe to
The record setting continues as BDC AUM reaches US$534bn Investors continue to allocate more capital to BDCs and in turn the upward growth trajectory shows no sign of slowing, with BDC assets under management (AUM) climbing to a record US$534bn in 3Q25…. Subscribe to Read MoreAlready a member? Log in here...
US syndicated LBO loan volume has reached US$84bn YTD; Additional US$25bn in pipeline US BSL loan volume backing private equity sponsored activity totaled US$969bn so far this year…. Subscribe to Read MoreAlready a member? Log in here...
US repricings slow in early 3Q25 as new loan assets re-emerge US leveraged lenders completed just under US$18bn of repriced institutional loan volume during the month of October, down from over US$23bn in September and less than half of August totals (US$43bn) and one fifth of July results (US$94.2bn)…. Subscribe to Read MoreAlready a member?
US Institutional loan calendar north of US$43bn at end of October At the end of last week, the forward calendar for institutional loan assets topped US$43bn, the highest level since July of this year…. Subscribe to Read MoreAlready a member? Log in here...
US middle market private debt fundraising increased 63% to US$56.2bn in 3Q25 LSEG LPC tracked US$56.2bn of US middle market debt fundraising in the third quarter, 63% above 2Q25’s US$34.4bn…. Subscribe to Read MoreAlready a member? Log in here...
Unitranche spreads tighten for large corporate issuers in 3Q25, while middle market spreads were flat QoQ The most recent quarter continued to be marked by robust competition among direct lenders amid lower than hoped for deal flow, with 73% of direct lenders in LPC’s recent Middle Market Outlook Survey saying they were not able to…
3Q25 US direct lending loan volume up 10.5% Q-o-Q amid flush of new money activity US lenders placed a combined total of nearly US$87bn of direct lending loan volume in 3Q25 for large corporate and middle market borrowers, an increase of 10.5% compared to 2Q25 results…. Subscribe to Read MoreAlready a member? Log in here...
3Q25 LBO volume down over 34% year over year; Total sponsored volume up nearly 39% US lenders committed almost US$20bn in LBO loan volume in 3Q25, up modestly compared to 2Q25 results (which came in at just under US$13bn) but down 34% year-on-year…. Subscribe to Read MoreAlready a member? Log in here...