2Q21 middle market syndicated loan volume of US$46bn
was at its highest since 2Q18
The syndicated middle market was at full speed in 2Q21 with volume soaring to its highest level in 3 years at US$46bn. New money lending of US$23bn was up 30% from 1Q20 and was at levels not seen since 2017.
Refinancing volume of US$23n in 2Q21, almost doubled the total logged in 1Q21; lagging one quarter behind the large corporate market, which saw a jump in refis in 1Q21. In the non-sponsored market syndicated volume was US$29bn