As overall issuance slips in 2Q25, strategic M&A remains a bright spot for LevFin market Leveraged finance issuance topped US$343bn in 2Q25, down approximately 30% from 1Q25 and off nearly 40% versus 2Q24…. Subscribe to Read MoreAlready a member? Log in here...
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…
How do middle market lenders characterize the quality of 2Q25 loan supply? According to preliminary results from LSEG LPC’s quarterly middle market lender outlook survey, a large majority (81%) of respondents say they were not able to lend as much as they wanted in 2Q25…. Subscribe to Read MoreAlready a member? Log in here...
Bank loans, high-yield bonds provide boost to levfin origination in May US leveraged finance issuance reached nearly US$127bn in May, up more than 60% from April’s US$78bn pipeline…. Subscribe to Read MoreAlready a member? Log in here...
Loan funds post 4 consecutive weeks of inflows Following the bout of market volatility and accompanying large outflows posted in April, both loan funds and high yield bond funds have turned the corner and posted inflows in recent weeks as investor sentiment improved across asset classes…. Subscribe to Read MoreAlready a member? Log in here...
Daily Analytic: First-lien share of BDC portfolios continues to climb The first-lien share of BDC portfolios continues to edge higher, climbing to 86.4% in 1Q25, up 4 percentage points from a year earlier and 8 percentage points two years ago…. Subscribe to Read MoreAlready a member? Log in here...
US middle market private debt fundraising stands at US$21.3bn so far in 2Q So far this quarter, LSEG LPC has tracked US$21.3bn of US middle market debt fundraising…. Subscribe to Read MoreAlready a member? Log in here...
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...