Loan Market Update: Q1-Q3 Recap, Trends & What’s Next

Paul Hastings LLP
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From Q1-Q3 of 2023, the U.S. loan market was marked by novel deal patterns and uneven market activity. Initially, the bulk of deals were portfolio work, including amend & extend transactions, covenant relief amendments and LIBOR transition amendments. With respect to new issuances, private credit deals continued to outpace syndicated transactions and recurring revenue financings increased in frequency and quantum.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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