FTI Consulting announced the findings of its 2024 Leveraged Loan Market Survey, which offers insight into bank and non-bank lenders’ perspectives on the U.S. loan industry and highlights expectations for leveraged credit market conditions in the year...
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January 23, 2024, 07:57 AM
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The March trailing 12-month institutional leveraged loan default rate stands at 3.9%, according to a new Fitch Ratings report."The current 2021 forecast is 4.5%, but if market access remains as open and issuer-friendly as it has been, the rate will...
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March 24, 2021, 08:00 AM
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Leveraged loan issuance jumped in February despite continued pull back in the asset class from retail loan funds, ongoing negative press coverage and questions around further Fed rate hikes in 2019, according to the latest data from Thomson Reuters...
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March 11, 2019, 08:34 AM
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Leveraged loan returns in the secondary market rebounded in January, posting a return of 2.55%, according to the SP/LSTA Lev Loan Index, released by Thomson Reuters LPC. After ending 2018 with three straight months of negative returns, January...
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February 11, 2019, 09:00 AM
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With interest rates extremely low for years and with ample money flowing though the financial system, yield-hungry investors are tolerating ever-higher levels of risk and betting on financial instruments that, in less speculative times, they might...
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November 19, 2018, 09:00 AM
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Diminishing structural differences between high-yield bonds and leveraged loans will have negative consequences for investors in the next market downturn, Moody's Investors Service says in a new report. As demand for new loan issuance continues to...
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August 20, 2018, 08:02 AM
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Leveraged lending was higher in May, taking year to date volume past the $500 billion mark, according to the latest data from Thomson Reuters. Volume was driven by a jump in institutional activity, which accounts for 69% of issuance this year....
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June 13, 2018, 08:01 AM
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Capital One Healthcare’s Corporate Finance group has been named the No. 1 lead arranger for healthcare leveraged loans up to $1 billion, according to Thomson Reuters. The corporate finance team closed 54 transactions in 2017. Capital One Healthcare...
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January 09, 2018, 07:26 AM
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U.S. syndicated loan issuance broke $2.5 trillion in 2017 for the first time, beating 2013’s $2.14 trillion record, Thomson Reuters LPC reports. The surge in new lending was driven by refinancing volume of $1.7 trillion. Refinancings made up 68% of U...
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January 03, 2018, 08:00 AM
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GA Telesis, LLC announces the launch of its Leveraged Finance Group to provide secured aircraft financing for lessors, investors, and airlines. GAT has appointed David Lloyd and Nolan Heske as Managing Directors of LFG to pursue the development...
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December 11, 2017, 07:39 AM
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Leveraged loan volume reached $874.7 billion year to date, an increase of 77.5% over the $492.9 billion raised at the same time last year and an indication the market could achieve new record volumes by year end, according to Thomson Reuters LPC data...
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August 28, 2017, 08:37 AM
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Year-to-date leveraged loan issuance stands at $772 billion, easily outstripping the $424 billion posted over the same period last year, according to the latest monthly data from Thomson Reuters LPC. Refinancing activity has driven the jump in...
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August 07, 2017, 08:00 AM
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Mitsubishi UFJ Financial Group Inc. says it is "evolving" beyond its traditional niche as a financer of energy projects in an effort to take on big lending rivals like Wells Fargo and J.P. Morgan in the market for receivables finance and asset-based...
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July 12, 2017, 08:00 AM
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Mergers and acquisitions activity in the middle market hit a ten-year high in the first half of 2017, with 5,260 deals completed during the period, according to data from Thomson Reuters. As reported by Mergers & Acquisitions, that's a 12 percent...
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July 10, 2017, 07:59 AM
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Widening yields on middle-market loans is giving lenders more leverage to negotiate with middle-market borrowers, according to a report from Business Insider. The shift follows three quarters of downward pricing pressure characterized by agressive...
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May 25, 2017, 08:00 AM
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Poorly structured covenant-lite loans today make up a much larger proportion of the U.S. leveraged loan market than they did before the credit crisis, and this does not bode well for investor recoveries during the next downturn, Moody's Investors...
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May 24, 2017, 07:45 AM
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Hancock Capital Management (HCM) has expanded its leveraged senior loan platform with the addition of six investment professionals to its team in Chicago. The new staff, whose appointments are effective immediately, includes:
Eric Barton, Director...
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May 19, 2017, 07:00 AM
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Corporate borrowers are increasingly skirting traditional banks to secure debt financing and leveraged loans, which is creating a surge in demand for alternative lending services, according to a report from Reuters. Reporter Jonathan Schwarzberg...
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February 13, 2017, 08:00 AM
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The substantial increase over the past six years of first-lien debt with little or no subordinated debt to absorb losses will lower recovery rates for senior leveraged loan investors in the next downturn, said Moody's Investors Service.The prevalence...
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April 21, 2016, 07:52 AM
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A total of $2 billion of loan defaults in November led by Millennium Health LLC pushes the trailing 12-month (TTM) default rate to 1.7% from 1.5% at the end of October, according to Fitch Ratings. Millennium's $1.8 billion Chapter 11 filing on Nov....
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November 25, 2015, 07:38 AM
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Palmer Square Capital Management, a provider of structured credit, corporate credit and hedge fund strategies to a wide range of investors, announced that it has teamed up with the New York Stock Exchange (NYSE) as calculation agent and distributor...
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June 08, 2015, 07:49 AM
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