Debtwire Middle-Market – 10/17/2022

Buyout activity disappoints following historic year


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Source: Debtwire Par

Record leveraged loan and high-yield bond issuance in 2021 supported buyout activity, with loans racking up USD 166.9bn and bonds supporting USD 27.6bn of buyout issuance for the year. However, it’s a different story in 2022, with those figures falling to USD 84.3bn and USD 13.8bn, respectively, through the third quarter, marking declines of 36% and 47% from year-ago volumes.