Leveraged loan activity in the US and Europe sprang back to life in H1 2024, with both markets enjoying near-triple-digit increases in issuance.
In the US, overall issuance surged 95.7% from US$461 billion in H1 2023 to...more
8/28/2024
/ Borrowers ,
Capital Markets ,
China ,
Environmental Social & Governance (ESG) ,
EU ,
Global Marketplace ,
Investment ,
Investors ,
Lenders ,
Leveraged Loans ,
Loans ,
Refinancing
After a challenging 2023, US and European leveraged loan issuance showed year-on-year gains in Q1 2024 as a more stable interest rate outlook encouraged borrowers and lenders to return to the market.
After a challenging...more
In the current market, investors are increasingly considering their options in relation to the stressed and distressed credits in their portfolios. Whilst mindful of stakeholder relationships, secured lenders may, in some...more
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
HEADLINES -
-Rising interest rates and reduced refinancing options are increasing the likelihood of restructuring and financial distress in the next 12 months
-Cov-lite debt packages have given borrowers breathing...more
2/2/2023
/ Borrowers ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Financial Distress ,
Interest Rates ,
Investment ,
Investment Adviser ,
Investors ,
Lenders ,
Private Equity ,
Refinancing ,
Restructuring
European leveraged finance markets have been completely reconfigured in the past 12 months. Inflation, rising interest rates and geopolitical uncertainty have squeezed liquidity and seen high yield bond and leveraged loan...more
2/1/2023
/ Acquisitions ,
Borrowers ,
Capital Markets ,
EU ,
Financial Services Industry ,
Global Dealmaking ,
High Yield Bonds ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Refinancing ,
UK
European leveraged finance markets saw significant inertia through the course of 2022 as high inflation, rising interest rates and cooling M&A activity put the brakes on leveraged loan and high yield bond issuance. How will...more
1/31/2023
/ Acquisitions ,
Bank of England ,
EU ,
European Central Bank ,
Interest Rates ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Liquidity ,
Mergers ,
Price Inflation ,
Refinancing ,
Risk Assessment ,
UK ,
Ukraine
Leveraged loan activity slows in the US, Europe and APAC as a volatile economic backdrop and the rising cost of debt starts to weigh on issuance -
Leveraged loan markets have been buffeted by a challenging macroeconomic...more
12/1/2022
/ Acquisitions ,
Bank Loan Markets ,
Borrowers ,
Debtors ,
EU ,
Financial Institutions ,
Interest Rates ,
Investment ,
Investors ,
Leveraged Loans ,
Mergers ,
Refinancing
Rising inflation and climbing interest rates have slowed leveraged loan activity in Europe and the US, while COVID-19 restrictions in China dampened demand in Asia-Pacific -
Leveraged loan markets across the globe faced a...more
HEADLINES -
▪️ In the US, leveraged loan issuance for 2021 reached US$1.4 trillion, a 63% increase year-on-year
▪️ The high yield bond market in the US was relatively flat, rising from US$428.3 billion in 2020 to...more
2/10/2022
/ Borrowers ,
Capital Markets ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
High Yield Bonds ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Secured Overnight Funding Rate (SOFR) ,
Sterling Overnight Index Average (SONIA) ,
UK
- In the US, leveraged loan issuance for 2021 reached US$1.4 trillion, a 63% increase year-on-year
- The high yield bond market in the US was relatively flat, rising from US$428.3 billion in 2020 to US$429.7 billion in...more
2/9/2022
/ Borrowers ,
Capital Markets ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
High Yield Bonds ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Secured Overnight Funding Rate (SOFR) ,
Sterling Overnight Index Average (SONIA)
European leveraged finance markets roared back to life in 2021, sparked by a combination of attractive pricing in the first half of the year and buoyant M&A activity in the second half. The result? High volumes of refinancing...more
2/1/2022
/ Acquisitions ,
Borrowers ,
Capital Markets ,
EU ,
Financial Services Industry ,
High Yield Bonds ,
International Trade ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Refinancing
Despite a spike in energy prices and persistent inflation, year-to-date leveraged loan activity showed substantial gains on 2020 levels -
Global leveraged loan activity sustained momentum built up through H1 2021 to post...more
After taking a deep dive in Q2, US leveraged loan issuance picked up in Q3, while European markets gained year on year -
Having navigated extreme market dislocation due to COVID-19 for the past six months, leveraged loan...more
11/4/2020
/ Acquisitions ,
Borrowers ,
Coronavirus/COVID-19 ,
High Yield Bonds ,
Interest Rates ,
Investors ,
Lenders ,
Leveraged Debt ,
Leveraged Loans ,
Mergers ,
Private Equity
- The covenant-lite share of European institutional loan issuance in 2019 reached 92 per cent
- European leveraged loan issuance in 2019 was down slightly on the previous year to €209.1 billion
- High yield bond...more
2/19/2020
/ Acquisitions ,
Bifurcation ,
Borrowers ,
Covenant Lite Deals ,
EBITDA ,
EU ,
High Yield Bonds ,
Interest Rates ,
Investors ,
Leveraged Finance ,
Leveraged Lending ,
Mergers ,
UK Brexit