Leveraged Loan Insight & Analysis – 4/1/2024

Daily Analytic: Survey – Unitranche spreads shift lower


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.