Leveraged Loan Insight & Analysis – 10/29/2018

Downward price flexes increase for third consecutive month

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Despite the volatility in the equity markets and a recent softening in loan trading levels, the demand for institutional loans in the primary market was at full throttle in October. Investor appetite was evident in price flex activity. In October, there were 23 downward price revisions on first-lien institutional term loans during syndication.