LSEG LPC

Leveraged Loan Insight & Analysis - 9/15/2025

US LevFin issuance slips to US$200bn despite historically active August For US LevFin, we saw trends of previous months continue to play out in August: (1) Defense over offense, with issuers largely focused on managing liabilities versus making acquisitions; (2) Strategic M&A driving the majority of underwritings; (3) Rate-sensitive LBO trades struggling to catch bids…

Leveraged Loan Insight & Analysis - 9/1/2025

BDC AUM hits a new record, topping US$500bn The upward growth trajectory of BDCs shows no sign of slowing, with assets under management (AUM) climbing to a record US$503bn in 2Q25, representing a US$28bn increase from the prior quarter and a whopping US$128bn gain in the last twelve months…. Subscribe to Read MoreAlready a member?

Leveraged Loan Insight & Analysis - 7/21/2025

Unitranche spreads hover around recent market lows The most recent quarter was marked by intense competition among direct lenders and lower than hope for deal flow. In turn, spreads continued to hover around recent lows despite sporadic wider market volatility…. Subscribe to Read MoreAlready a member? Log in here...

Leveraged Loan Insight & Analysis - 7/14/2025

2Q25 Total US direct lending LBO volume down over 47% quarter over quarter Talk of tariffs, inflation fears and anticipation of a congressional show down over the Trump administration’s “big, beautiful bill” contributed to heightened market uncertainty throughout much of 2Q25 and the direct lender loan market was not immune to the fall out…. Subscribe

Leveraged Loan Insight & Analysis - 6/30/2025

Supported by increase in high grade financings, 2Q25 US M&A loan volume up 64% y-o-y; LBO activity declines Brushing aside tariff woes, inflation concerns and geopolitical fears, US lenders raised US$228.5bn of new loan assets in 2Q25, a 29% jump compared to the year ago period, to push 1H25 totals to nearly US$407bn (compared to…