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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 (8/22/16)

  • Chefs’ Warehouse cut its earnings forecast by about 20% just weeks after it obtained millions of dollars in financing, drawing the ire of some lenders and muddying the company’s growth prospects.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • Middle market borrowers are struggling to find clarity through the fog of mixed economic signals which is creating an ongoing drag on investment and dealflow.
  • Valeant Pharmaceuticals International lenders agreed to an amendment to loosen the company’s covenants on its US$31bn of debt.
  • The European leveraged loan market is preparing for a surge of opportunistic financings in September as favorable market conditions benefit private equity sponsors and borrowers.

More syndicated loan coverage on LoanConnector.

What to Watch (8/22/16)

  • LBO activity continues at a light pace in 3Q16 with completed volume only reaching US$6.4bn with another US$2.1bn in process. But average leverage has risen to 6.39 times so far in 3Q16 from 5.95 times in 2Q16 on larger deals.
  • Middle market loan issuance continues to underwhelm. Average monthly MM loan issuance calculates to US$14.7bn for 2010-2015. Through July 2016, that average is only US$9bn.
  • Leveraged loans and high yield bonds are on course for their best return in several years, with the year to date gains currently at 6.4% and 13.8%, respectively.
  • Retail investors added US$125.4m into bank loan mutual funds and added US$888.9m to high-yield bond funds in the week ending August 17. For leveraged loans, the week’s inflows grew from US$96.4m of inflows the prior week.

More syndicated loan coverage in Gold Sheets