Technology loans remain popular
amid heightened selectivity
Source: Debtwire Par
Technology deals remain popular in the loan market, with institutional loans backing technology LBOs climbing to USD 21.7bn year-to-date, already surpassing the USD 19.3bn recorded in full year 2018 and setting a new record.
The share of total LBO loan financings represented by the technology sector has trended upwards in recent years, with the sector accounting for 25% of LBO institutional issuance in 2019, up from 14% in 2018 and 16% in 2017.