Loan issuance across all major jurisdictions saw year-on-year double-digit declines during the first half of 2023, as high inflation and rising interest rates continued to weigh on loan activity
The first half of 2023 has...more
8/16/2023
/ Banking Sector ,
Borrowers ,
Debt ,
Economic Downturn ,
EU ,
Financial Services Industry ,
Investment ,
Investors ,
Lenders ,
Leveraged Loans ,
Loans
The first half of the year has marked an inflection point for US leveraged finance markets. After a buoyant but brief post-pandemic period in 2021, the combination of surging inflation, rising interest rates and events in...more
Issuers are tapping institutional loan markets for add-on debt at a rapid pace as private equity firms turn to buy-and-build strategies to lower entry multiples and accelerate deployment -
Debt issuance to fund add-on...more
Investors eager to maintain high levels of capital deployment have kept terms and pricing highly flexible for bond and loan issuers, but that does not mean easy access for borrowers—lenders are still pushing back against...more
Debt markets warm to issuers from a broader range of sectors, maintaining high levels of refinancing activity -
The surge in refinancing activity across leveraged loan and high yield bond markets through H1 2021 looks set...more
After a volatile and challenging year, US direct lenders moved into 2021 with reputations enhanced and teams strongly positioned to fund new deals. But we cannot discuss current direct lending in the US without casting a...more
8/6/2021
/ Coronavirus/COVID-19 ,
Debt ,
Debtors ,
Direct Lending ,
Fundraisers ,
High Yield Bonds ,
Investment ,
Investment Adviser ,
Lenders ,
Leveraged Loans ,
Liquidity ,
Private Equity
High yield bond and syndicated loan lenders are eager to fund US buyout deals, but competition from private debt markets and high secondary buyout volumes have restricted supply -
High yield bond and leveraged loan...more
The decline in H1 2020 leveraged finance issuance has seen some lenders intensify their focus on pricing and borrower-friendly loan structures, but lender responses to the impact of COVID-19 have diverged across regions....more