The Loan Market Association ("LMA"), Loan Syndication and Trading Association ("LSTA") and Asia Pacific Loan Market Association ("APLMA") have published new guidance on the key aspects of the Green Loan Principles ("GLP") and...more
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
- 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
Tomorrow heralds an important milestone in the evolving saga of LIBOR's discontinuation, seeing the launch of the fifth and final rate, €STR, as the proposed successor to euro LIBOR. However, although in our other articles...more
Although acquisition activity in the European leveraged finance market has been on an upward trajectory since 2012, 2018 saw a substantial increase in buyout activity, which reached €57.6 billion in total, marking a return to...more
6/12/2019
/ Acquisitions ,
Carve Out Provisions ,
Disclosure Requirements ,
Due Diligence ,
EU ,
Leveraged Buyout ,
Leveraged Finance ,
Mergers ,
p2p ,
Private Equity Firms ,
Syndication ,
Takeover Bids ,
UK
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
As the leveraged debt market has matured at pace in the past decade, many are hopeful that it will maintain an upward trajectory, at least in the medium term.
As noted in the report, times have changed, and 2018 has seen a...more
Loans backing LBOs have driven the market in Europe this year, with volumes reaching €56.5 billion, up 37 per cent from €41.3 billion in 2017. By the middle of 2018, total loans in the US breached US$100 billion, up a third...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
A decade on from the onset of the financial crisis, the leveraged debt landscape is almost unrecognisable and continues to evolve as lenders, borrowers and advisers find new ways to come to market.
In the aftermath of the...more