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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5 Things to Know (8/31/15)

  • Some of the largest US loan mutual funds have increased their cash and bond holdings in the last year as regulators warn about the possible perils of insufficient liquidity.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • A record US$10.6bn of CLOs have been refinanced this year, surpassing last year’s high, as funds take advantage of low interest rates to cut spreads on senior tranches and boost payments to junior investors.
  • CIT Group Inc announced the formation of a joint venture with funds managed by TPG Special Situations Partners.
  • Johnson & Johnson is seeking to refinance the company’s existing US$10bn 364-day revolver. Citigroup and JP Morgan lead the deal.

More syndicated loan coverage on LoanConnector.

What to Watch (8/31/15)

  • Retail investors withdrew US$796.3m from bank loan mutual funds, a fresh new high for 2015, and pulled US$1.601bn from high-yield bond funds in the week ending August 26.
  • At just US$15.3bn so far in 3Q15, including deals in market, middle market loan issuance is down 55% from 2Q15’s levels.
  • Global volatility has taken its toll on the US high yield bond market. So far in August, issuance is at US$10.1bn, far below the monthly average of US$30bn seen in the first half.
  • Globally, overall M&A deal activity through August 25 has reached US$2.945trn. Global M&A-related loan financings have reached US$446bn, up from US$436bn at this time last year.

More syndicated loan coverage in Gold Sheets