Leveraged Loan Insight & Analysis – 4/1/2024

Daily Analytic: Survey – Unitranche spreads shift lower

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Stiffer competition from the syndicated market has put pressure on direct lenders to tighten spreads on unitranche loans. According to LSEG LPC’s 2Q24 Middle Market Outlook Survey, 36% of direct lender respondents said their minimum threshold for unitranche spreads was in the 500-525bp range.