Business services is top sector for
US syndicated mid-market loan volume so far this year
Through deals of June 18, year-to-date syndicated middle market volume totals US$60.2bn, 30% higher than the US$46.3bn recorded during the same period last year. The top industry so far this year is the business services sector, which has notched US$13.4bn in volume, 214% higher year-over-year.
The business services sector has been boosted by acquisition financing activity, with mid-market M&A volume comprising around 43% of that US$13.4bn number.