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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.

From offices in New York, London, Hong Kong, Sydney and Tokyo we are the one source for comprehensive coverage of the syndicated loan markets worldwide.

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.

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5 Things to Know (9/26/16)

  • The transatlantic loan markets are facing a busy few weeks as companies accelerate borrowing plans to take advantage of strong and liquid market conditions before the looming US elections on November 8.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • The slow syndication of a US$7.5bn loan backing Analog’s US$14.8bn purchase of Linear Technology shows banks are finding it harder to make returns work on drawn acquisition term loans.
  • CLO funds could be squeezed as more companies switch to cheaper one-month Libor to cut interest payments on leveraged loans, which is hitting their income as payouts to some investors rise.
  • People Moves: Macquarie announced the appointment of William Dobson; Scott Graves is departing Oaktree; Tom Brady is replacing Carl Toriello at Jefferies; Craig Zaph has joined Cowen.

More syndicated loan coverage on LoanConnector.

What to Watch (9/26/16)

  • Lionsgate will launch September 27 a US$1.9bn term loan to back its acquisition of cable channel Starz. JP Morgan leads the transaction.
  • Investors added US$318.4m into bank loan mutual funds and pulled US$273.6m from high-yield bond funds in the week ending September 21.
  • Covenant-lite loan issuance has picked up momentum this quarter. Volume in 3Q16 to date has already reached US$74bn spread across 74 issuers.
  • The average primary yield on first-lien institutional tranches is at 5.41% in 3Q16, down 14bp from 2Q16 levels and over 100bp tighter than 1Q16 levels.

More syndicated loan coverage in Gold Sheets