Leveraged Loan Insight & Analysis – 10/14/2019

Recent investor challenged single-B deals have yet to
gain traction since breaking in the US secondary market


As bifurcation among credits continues, a number of recently launched deals for single-B names received significant investor pushback during syndication. Not surprisingly perhaps, none of these loans have been bid above their break price in the secondary market. Sotheby’s M&A loan has been the biggest decliner so far.