The Truth Behind Loan Stats
Tracking data in the capital markets is often a challenge. There are lies, damnable lies, and leveraged loan statistics.
But when a lot of metrics point in the same direction, truth is buried there somewhere. Such is the case with data showing both M&A and related loan volume slumped for the third quarter, large and mid caps, as well as U.S. and non-U.S. transactions.
Institutional M&A loan volume was also off last quarter, though refinancings were up. That did not include recaps, which declined for broadly syndicated and middle markets….
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