Share of highly levered deals edge higher in 2018
Source: Debtwire Par
Leverage levels on new deals have drifted marginally higher this year, without a dramatic increase in any particular ratings category. Looking at marketed leverage levels, the share of highly levered transactions has trended upwards, with 32% of deals levered 6x or more, up from 27% last year. On the LBO side, the majority of deals (53%) in 2018 are levered 6x or more, up from 51% last year. Notably, the share of LBO deals levered 7x or more has climbed to 12%, up from 7% in 2017.