Leveraged Loan Insight & Analysis – 1/6/2020

2019 US Syndicated loan volume down 20%
compared to 2018 record high

Chart

At US$2.1trn 2019 U.S. syndicated loan volume was down 20% compared to the record setting US$2.6trn raised the prior year amid a thinner pipeline of deals, higher market valuations and the long – if tangential – shadows cast by geopolitical and economic unease. Despite the year over year decline and the inherent lender disappointment which followed, as we enter a new decade, it is helpful to take stock of how much the loan market has in fact expanded and evolved in ten years.