NEW YORK, July 11 (LPC) - US middle market syndicated loan
issuance jumped 48% to US$39.6bn in the second quarter of 2019
from meager levels in the first quarter, and is poised to gain
steam as the second half of the year progresses.
NEW YORK, June 28 (LPC) - US syndicated lending turned in a
lackluster performance in the second quarter, amounting to the
lowest 2Q total in seven years and dashing expectations for a
meaningful boost to first half issuance following an already
lean start to 2019.
NEW YORK, June 17 (LPC) - FS KKR Capital Corp is the latest
Business Development Company (BDC) to issue a middle market
Collateralized Loan Obligation (CLO) fund as the sector seeks to
diversify funding sources and drive portfolio growth.
NEW YORK, May 15 (LPC) - Direct lending funds, which are
providing capital to middle market companies in increasing
amounts, are turning to fellow funds to reduce credit exposure.
NEW YORK, May 3 (LPC) - Middle market institutional term
loan yields fell in the second quarter of 2019, reversing six
consecutive quarters of upward momentum, as investor demand
continues to exceed a limited supply of deals.
NEW YORK, April 17 (LPC) - A new regulatory proposal would
force managers of closed-end funds to disclose more information
including factors affecting performance as well as investment
strategies, a requirement previously reserved for other types of
NEW YORK, April 15 (LPC) - Fitch Ratings in an industry
update for Business Development Companies (BDCs) said it is
focused on leverage differentiation among funds looking to
employ greater leverage following the passage the Small Business
Credit Availability Act in 2018, amid continued competitive
NEW YORK, April 11 (LPC) - Investors’ response to a US$500m
equivalent leveraged loan for Israeli cyber surveillance firm
NSO Group highlights the increasing extent to which
environmental, social and governance (ESG) principles are
guiding banks’ and investors’ lending decisions as they start to
calculate the ethical impact of investing.
NEW YORK, March 22 (LPC) - Business Development Company
(BDC) share prices are rebounding after hitting a near
three-year low in December and are outperforming the S&P/LSTA
leveraged loan index as well as the S&P 500.
New York, March 5 (LPC) - A slowing economy in the US
combined with still steep price tags on target companies has
private equity buyers focused on making strategic add-on
acquisitions to existing middle market portfolio companies as a
pathway to growth, bankers say.