Issuer-friendly flex adjustments
dominate US institutional loan market in January
Flex activity in the US institutional loan market has been extremely friendly towards issuers this month. Refinitiv LPC’s Flex Factor has tracked 20 flexed deals so far in January, all of which have skewed in favor of issuers. This has led to a Flex Factor score of -1.1, the most issuer-friendly score since September 2018.