Completed distressed debt and bankruptcy restructuring activity totaled $282.2 billion during full year 2017, a 18% decrease compared to 2016, according to data released by Thomson Reuters.

There were 302 completed restructuring transactions worldwide, 48 fewer compared to last year. Energy & Power led all sectors, accounting for 28% of the market. Industrials and Government & Agencies followed, capturing 13% and 11% market share, respectively.

U.S. completed deal activity totaled $114.4 billion during full year 2017, a 38% decrease compared to 2016. Houlihan Lokey, Rothschild & Co. and Lazard led the pack with nearly $300 million in total restructuring deal volume between them.

According to Thomson Reuters there were 106 restructuring transactions completed in the U.S. in 2017, 20 fewer deals than completed during full year 2016. The Energy & Power sector accounted for 34% of the U.S. debt restructuring market. The Media & Entertainment sector followed in second, with a 17% share.