A strong finish to 2023 helped to boost global leveraged loan issuance at the end of an otherwise rocky year for all key markets. The last 12 months were incredibly challenging for banks, investors and borrowers, as elevated...more
3/1/2024
/ Acquisitions ,
Borrowers ,
Capital Markets ,
EU ,
Financial Services Industry ,
Global Dealmaking ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Mergers ,
UK
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
HEADLINES -
▪️ In the US, leveraged loan issuance for 2021 reached US$1.4 trillion, a 63% increase year-on-year
▪️ The high yield bond market in the US was relatively flat, rising from US$428.3 billion in 2020 to...more
2/10/2022
/ Borrowers ,
Capital Markets ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
High Yield Bonds ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Secured Overnight Funding Rate (SOFR) ,
Sterling Overnight Index Average (SONIA) ,
UK
- In the US, leveraged loan issuance for 2021 reached US$1.4 trillion, a 63% increase year-on-year
- The high yield bond market in the US was relatively flat, rising from US$428.3 billion in 2020 to US$429.7 billion in...more
2/9/2022
/ Borrowers ,
Capital Markets ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
High Yield Bonds ,
Investors ,
Lenders ,
Leveraged Finance ,
Leveraged Loans ,
Secured Overnight Funding Rate (SOFR) ,
Sterling Overnight Index Average (SONIA)
The rise in sustainability-linked debt issuance observed in 2021 has shown little sign of slowing down as borrowers continue to focus on improving environmental, social and governance (ESG) performance in response to investor...more
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
European Leveraged Finance Client Alert Series: Issue 8 -
The traditional approach to the treatment of disposal proceeds in leveraged loan agreements has evolved in recent years, as borrowers seek to retain greater...more
11/1/2019
/ Contract Terms ,
Covenant Lite Deals ,
De Minimus Doctrine ,
Debt ,
EBITDA ,
EU ,
High Yield Bonds ,
Leveraged Finance ,
Leveraged Loans ,
Prepayments ,
Reinvestment Funds ,
Sale of Assets
European Leveraged Finance Alert Series: Issue 2, 2019 -
This year European leveraged loan borrowers will test the terms of the additional debt provisions in their loan agreements and there is expected to be significant...more