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US ABL Market
Total ABL commitments by US lenders were about $465 billion in 2018 and are expected to grow in the range of 6%–7% in 2019, as new ABL commitments continue to outpace run-off. About $164 billion of ABL commitments were originated in 2018, a slight increase over 2017.
Syndicated to non-syndicated
LPC Refinitiv maintains track of syndicated ABL loans outstanding in the market. As of the end of Q3 2018, there were $278.1 billion of syndicated ABL loan commitments in the market. Based on this value and further analysis, The 2019 Secured Finance Market Sizing & Impact Study sized the syndicated market at $283.7 billion as of the end of 2018.
We use this value to net from the aggregate amount of $465 billion to arrive at an estimated $182 billion of non-syndicated ABL in the market – or about 39% of the total market. We have assumed that this ratio of syndicated to non-syndicated holds steady for all periods shown
Contact: Aydan Savaser