Refinitiv LPC

Leveraged Loan Insight & Analysis - 5/20/2019

BDC returns superior so far in 2019 BDC share prices are on a tear in 2019. The Wells Fargo BDC Index has delivered a stunning +18.0% return so far in 2019 through May 17th. This is outpacing the S&P500 (+14.1%) and the S&P/LSTA Leveraged Loan Index (+5.72%). Several BDCs are near 52 week highs. Oaktree

Leveraged Loan Insight & Analysis - 5/6/2019

US leveraged loan volume seeing a higher share of B3 names While the US leveraged loan market is still challenged by lower supply, the share of B3 rated names by Moody’s has started increasing recently. In April, there was US$6.6bn of completed B3 issuer rated volume, the highest monthly total since October’s US$10.6bn....

Leveraged Loan Insight & Analysis - 4/29/2019

After a slow start to the year, MM fundraising showing a pick-up After a record US$97bn in inflows into middle market direct lending in 2018, the fundraising environment is off to a slower start in 2019 with US$14bn tracked year to date. In 1Q19, LPC only tracked about US$9.0bn in inflows following a record $42.4bn

Leveraged Loan Insight & Analysis - 4/22/2019

The shift from syndicated to direct executions continues for MM LBOs Since LPC began tracking the direct lending market in 2013/2014, there has been a continued shift for middle market LBO credits to be financed via “direct lending” executions as opposed to in the syndicated loan market....

Leveraged Loan Insight & Analysis - 4/1/2019

1Q19 Syndicated loan volume down 36% y-o-y; Weakest results in 3 years 1Q19 marked an uneven start to the US loan market calendar with less than US$400bn of volume working its way through the retail market. An additional US$61.3bn was completed via clubbed participation....

Leveraged Loan Insight & Analysis - 3/25/2019

Primary yields widen to highest levels since 4Q11 1Q19 yields on first-lien institutional term loans are at their highest level in over eight years. At 7.66%, the average yield assuming a three-year term to repayment on first-lien institutional term loans is 94bp above 4Q18’s already high level....

Leveraged Loan Insight & Analysis - 3/11/2019

Global green loan volume tops US$10bn ytd, shadowing record 2018 pace At a pace reminiscent of the record setting US$59.5bn total set in 2018, 2019 green loan issuance topped US$10.0bn so far in 1Q19. This is modestly off from results at the same time last year which stood at nearly US$11.8bn....