Share of LBOs levered 7x or more edges higher in 2019
Source: Debtwire Par
Lender appetite for LBO loans was strong in 1H19, with leveraged loan issuance backing LBOs amounting to USD 75.7bn. The institutional loan component, the focus of buysiders’ attention, totaled USD 60.8bn. On the other hand, high yield bond volume backing LBOs jumped to USD 9.1bn in 1H19, up from USD 2.3bn in the same period last year.