Helping guide the global syndicated loan market

Thomson Reuters LPC is the premier global provider of information on the syndicated loan and high yield bond markets. Our first-to-the-market news, comprehensive real-time and historic data helps industry players stay informed about market trends and facilitate trading and investment decisions.

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Our publications, online news, analysis, valuation services and interactive databases are used every day by banks, asset managers, law firms, regulators, corporations and others to drive valuation, syndication, trading, and research and portfolio management activities.

LPC Updates

Five Things to Know

  • SIG Combibloc’s return to the U.S. leveraged loan market to cut pricing on a buyout loan only three months after signing the original deal heralds the start of a repricing wave.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • PetSmart Inc is looking to cut the spread on a $4.3B term loan, joining a growing list of companies taking advantage of borrower-friendly conditions to refinance.
  • Royal Dutch Shell has agreed to a 10.07B pound ($15.28 billion) bridge loan from a group of relationship banks backing its 47B pound takeover of BG Group.
  • Noble Group is in market with a $900M 364-day unsecured revolving loan facility and a new $1.35B three-year revolver.

More syndicated loan coverage on LoanConnector.

What to Watch

  • Ranpak Corp will launch this week a repricing of its U.S. dollar and euro first-lien term loans. Macquarie is acting as sole arranger.
  • Retail investors pulled $54.7M out of bank loan mutual funds, while yanking $859.1M out of high yield bond funds in the week ending April 24.
  • The institutional leveraged loan market grew 18% over the past 12 months ending March 31 at $920B outstanding, according to Fitch.
  • 1Q15 pro rata issuance, at just under $85B, represented 67% of total leveraged lending in 1Q15, the highest proportion since 4Q11.

More syndicated loan coverage on LoanConnector