Repricings tick upward in opportune window
An upturn in repricing transactions has been seen in the leveraged loan market over the past two months, as tightening margins have afforded issuers the ability to refresh existing deals at lower interest rates.
The reasons behind the rise in repricing as a means of replacing existing debt could result from two states of the market. The first is a fundamental view that positive macroeconomic expectations for the future are serving to drive down current yields.