News & Analysis as of

Refinancing High Yield Bonds

White & Case LLP

Strong start for high yield bond markets in US and Europe

White & Case LLP on

The high yield bond markets in the US and Europe sprang back to life in Q1 2024, with issuance showing strong gains after a slow 2023. US high yield bond issuance for Q1 2024 came in at US$68.6 billion, almost doubling...more

White & Case LLP

High yield issuance rallies in Western markets

White & Case LLP on

High yield bond markets in the US and Western Europe posted double-digit increases in issuance during the first nine months of 2023 as borrowers continued to prefer fixed rate debt products in a high interest rate...more

White & Case LLP

High yield bonds held firm in the first quarter against a tough backdrop

White & Case LLP on

High yield bond activity in key global markets showed signs of life in Q1 2023, with quarter-on-quarter issuance improving despite ongoing macroeconomic challenges. In the US, high yield bond issuance in Q1 2023 came in at...more

White & Case LLP

Five factors that will influence leveraged finance in 2023

White & Case LLP on

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

White & Case LLP

European leveraged finance: From surviving to thriving

White & Case LLP on

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

White & Case LLP

Loan activity drives US leveraged finance to new heights while high yield bond issuance maintains lofty pace

White & Case LLP on

Large double-digit gains in US loan issuance meant leveraged finance markets ended 2021 with a bang and set the stage for robust activity in 2022- The US leveraged finance market posted strong year-on-year gains in 2021 as...more

White & Case LLP

Buyout momentum paints a strong picture for issuance in 2022

White & Case LLP on

HEADLINES - ▪️ Buyout deal value in Western Europe hit an all-time record high by the end of 2021, more than doubling year-on-year  ▪️ Private equity (PE) activity supported an 81% uplift in buyout loan issuance...more

White & Case LLP

M&A financing keeps the leveraged finance market beating

White & Case LLP on

A rebound in European corporate transactions has driven a double-digit acceleration in leveraged finance earmarked for M&A (excl. buyouts), with a robust pipeline setting the stage for an active 2022. In the summer of...more

White & Case LLP

From survive to thrive: European leveraged finance looks to the future

White & Case LLP on

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

White & Case LLP

Active private equity firms buoy buyout issuance

White & Case LLP on

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

White & Case LLP

Canadian issuers take advantage of buoyant US markets

White & Case LLP on

A rebounding domestic economy and abundant liquidity south of the border are encouraging Canadian borrowers to draw on US high yield bond markets in increasing numbers - Canadian borrowers took advantage of buoyant US...more

White & Case LLP

High yield bond markets make steady year-on-year gains

White & Case LLP on

High yield issuance across major global markets made steady gains in the first nine months of 2021 in most regions, as investor appetite for yield supported stable activity through the year. In the US, high yield issuance...more

White & Case LLP

High yield bond issuance grows in APAC despite cooling real estate activity

White & Case LLP on

Strong refinancing appetite sustains the high yield bond market in the Asia-Pacific region despite a slowdown in real estate issuance in China - High yield bond markets in the Asia-Pacific region (excl. Japan) (APAC) have...more

White & Case LLP

Widening variety of issuers sustains refinancing momentum

White & Case LLP on

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

White & Case LLP

US leveraged finance: Conclusion

White & Case LLP on

Refinancing, repricing, M&A and buyout activity all surged in the early months of 2021, but then lenders shifted gears in pursuit of yield and borrowers realized they could tap the market for more than just liquidity. Where...more

White & Case LLP

After the storm: The US leveraged finance story so far

White & Case LLP on

By all accounts, leveraged finance markets in the United States were hot in the first quarter of 2021. This activity was driven primarily by refinancing and repricing. Borrowers jumped at the chance to take advantage of the...more

White & Case LLP

Downgrades, defaults, distressed debt and refinancing

White & Case LLP on

Abundant liquidity, a red-hot refinancing market and improving credit ratings combined through the first half of 2021 to limit defaults and ease any near-term pressure on the balance sheets of US borrowers. Borrowers...more

White & Case LLP

Refinancing remains resilient

White & Case LLP on

Refinancing activity has proven an attractive option amid COVID-19 disruption, with borrowers in good standing seeking to extend maturities and take advantage of low interest rates - Refinancing issuance across high yield...more

White & Case LLP

Ten years on: The surprising resilience of European leveraged finance: The market pauses for breath in 2018

White & Case LLP on

• 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

19 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide