Leveraged Loan Insight & Analysis – 7/29/2019

PE sponsors ramp up delay draw term loans
in the U.S. middle market


Over the last few years, sponsors have been ramping up the amount of delay draw term loans within their middle market M&A transactions. In 2Q19, LPC tracked US$3.1bn in delay draw term loan volume within middle market sponsored finance which is the second highest quarter tracked by LPC behind the US$3.3bn tracked in 2Q18.