More deals see pricing flex wide of talk since February
Source: Debtwire Par, Markit
Primary market pricing has jumped to its highest point since the coronavirus (COVID-19) pandemic sent shockwaves through the financial system in 2020, as inflation risks and ongoing uncertainty stemming from the war in Ukraine demand higher yields for investors willing to take on the additional risks. At 428 basis points (bps) in March, average margins on first-lien institutional term loans are at their highest mark since the 438bps average back in November 2020.