Syndicated loan issuance to U.S. middle market firms jumped 48% in the second quarter of 2019 following a slow start during the first three months of the year. That's according to a report from Reuters that said loan totals reached $39.6 billion during the second quarter, with increases across all segments. Despite increased volume, activity still lags 2018 numbers, with syndicated lending to middle market borrowers down 26% compared to year-ago volume.
“Clearly the volatility at the end of 2018 had a negative impact on all segments of the loan market in the first quarter,” Dan Chapman, managing director of Loan Syndicate & Sales at U.S. Bancorp, told Reuters. “Stability returned in the second quarter, contributing to stronger results versus the first quarter. That trend should continue.”
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