Debtwire Middle-Market – 4/13/2020

Secondary loan market continues to grind higher


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Source: Debtwire Par, Markit

The secondary loan market continues to grind higher, adding over 2 points in the last week to reach an average bid of 85.26 (as of April 14), and is now up 9 points from its March 23 low. Despite the recent rebound, prices are still down 11 points from late February when the COVID-19 pandemic first started to impact the market.