US$1.4bn of BDC loans were added to non-accrual status in 1Q25 A total of US$1.4bn of BDC loans were added to non-accrual status in 1Q25, up from roughly US$1.2bn in the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
Proportion of US loans trading north of par edges up modestly following headline volatility In the wake of headline making talk of tariffs – and implicitly fears of a trade war – in April US loan investors pulled back in the secondary causing average bids to come off highs before showing signs of a modest…
Private credit offers issuers some certainty during uncertain times, although comes with a cost No matter which market borrowers opted to tap, financing conditions seemed more than accommodating as we approached the second quarter…. Subscribe to Read MoreAlready a member? Log in here...
BSL lenders support over US$405bn in new lending activity YTD; Several M&A opportunities bypass BSL market US lenders have been tapped for nearly US$406bn in new loan assets so far this year via the broadly syndicated loan market…. Subscribe to Read MoreAlready a member? Log in here...
1Q25 Syndicated ABL volume up 29% year-over-year at US$22bn US lenders syndicated just over US$22bn of asset-based loan issuance in 1Q25, marking a 29% year-over-year increase and remaining flat compared to the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
US institutional loans pipeline grinds down to US$5.1bn amid tariff whiplash Early in the second quarter, the institutional loan calendar stands at just over US$5bn, the lowest level in 5 years…. Subscribe to Read MoreAlready a member? Log in here...
Institutional loan repricings decline alongside secondary loans in 1Q25 The secondary loan market had a deceivingly challenged quarter. Par-plus loans accounted for more than 53% of the market at the start of the year, peaked above 56% in mid-January, then ended 1Q25 at a three-month low of 12%…. Subscribe to Read MoreAlready a member? Log
Evolution of leveraged loans by vintage shows notable reductions in near-term maturity walls Leveraged loan issuers have continued to proactively manage their capital structures via refinancings and extensions, driving significant reductions in near-term maturity walls over the past 15 months…. Subscribe to Read MoreAlready a member? Log in here...
BDC AUM growth shows no signs of slowing, climbing to US$438bn BDC market growth shows no signs of slowing, with assets under management (AUM) soaring to a record US$438bn in 4Q24…. Subscribe to Read MoreAlready a member? Log in here...
Refinancings continue to dominate institutional loans calendar in 1Q25 Despite steady loan market liquidity and unabated demand for assets, new institutional loan volume – at US$37bn – has been limited in early 2025…. Subscribe to Read MoreAlready a member? Log in here...