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
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
Stubborn inflation, ongoing interest rate hikes and the banking crisis in the US and Europe have slowed activity across global loan markets at the start of the year, but there are signs that loan issuance may start rebounding...more
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
Leveraged loan and high yield bond markets in Western and Southern Europe saw a major resurgence in the past 12 months, driven initially by refinancing, followed by almost unprecedented M&A and buyout issuance, and setting...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)
It was a year of rebounds in 2021, from the early hike in refinancing activity to the subsequent surge in M&A and buyout deals, as well as frenetic activity in the PE space, all of which contributed to a noteworthy uptick in...more
2/2/2022
/ Acquisitions ,
Borrowers ,
Buyouts ,
Debt Market ,
EBITDA ,
EU ,
Interest Rates ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Private Equity ,
Risk Factors ,
Supply Chain
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
Issuance of leveraged loans and high yield bonds to fund buyouts surged to quarterly highs in 2021 as private equity sponsors raised their investment game -
Buyouts are back in a big way. Private equity (PE) firms around...more
11/23/2021
/ Acquisitions ,
Asia Pacific ,
Buyouts ,
Cross-Border Transactions ,
EU ,
High Yield Bonds ,
Lenders ,
Leveraged Buyout ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Private Equity ,
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
Refinancing activity supports a double-digit year-on-year uptick in leveraged loan issuance in the United States and Europe, while mega-deals dominate in the Asia-Pacific region
Leveraged loan markets in the United States,...more
Leveraged buyout high yield bond and leveraged loan issuance fell in Q3 2020 as a lack of buyout deals in a still cautious M&A market dampened appetite for financing -
Although leveraged buyout (LBO) activity showed signs...more
12/4/2020
/ Acquisitions ,
Asia Pacific ,
Buyouts ,
Coronavirus/COVID-19 ,
Cross-Border Transactions ,
EBITDA ,
High Yield Bonds ,
Lenders ,
Leveraged Buyout ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
Private Equity ,
Secondary Buyouts
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
Despite a promising beginning to the year, US and European leveraged loan markets felt the full economic impact of the pandemic.
After a strong start, leveraged loan markets in the US and Europe shuddered to a halt in...more
European Leveraged Finance Alert Series: Issue 2, 2019 -
This year European leveraged loan borrowers will test the terms of the additional debt provisions in their loan agreements and there is expected to be significant...more
• In Europe, leveraged loan issuance is down 28 per cent year-on-year to €202.5 billion in 2018, but is up on all years between 2014 and 2016 • High yield bond issuance is down 37 per cent year-on-year • Leveraged loans...more
2/13/2019
/ Banking Sector ,
Bonds ,
Borrowers ,
Collateralized Loan Obligations ,
EU ,
France ,
Global Marketplace ,
High Yield Bonds ,
Interest Rates ,
Italy ,
Lenders ,
Leveraged Buyout ,
Leveraged Loans ,
Loans ,
Populism ,
Protests ,
Refinancing ,
Trade Relations ,
UK Brexit