Debtwire Middle-Market – 4/5/2021

Borrowers and sponsors alike capitalize
on opportunistic loan market


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Source: Debtwire Par

Opportunistic deals have continued to flood the loan market in March, as a lack of new loan supply has allowed borrowers and sponsors alike to capitalize on investor appetite for paper. Of the USD 93bn of institutional loans to price in March, only 27% was allocated towards new money purposes and an even more paltry figure of just 20% issued for M&A for buyout activity. Year-to-date, refinancing transactions have accounted for the remaining 73% of deal flow, with loan repricings representing over half of that figure.