Reaping the rewards: 2024’s dividend recaps bonanza
Dividend recapitalizations are making waves in the institutional leveraged loans market. In 2024, the total volume of leveraged loans raised for dividend recapitalizations rocketed to USD 29.26bn, a staggering 259% increase year-on-year (YoY) and a 232% spike from 2022’s USD 8.80bn. Despite this impressive growth, 2024’s volume still trails behind a record-breaking USD 51.25bn seen in 2021, which remains the highest volume seen for dividend recapitalizations in the past decade, according to Debtwire data.
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