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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 (11/28/16)

  • Loan investors are watching the holiday shopping season for signs of respite as struggling US retailers face resistance and higher financing costs in the leveraged loan market.
  • Credit Suisse and Deutsche Bank are among seven banks that have signed onto a new multi-dealer electronic loan trading system, which aims to bring greater transparency to the market.
  • Norton antivirus software maker Symantec has lined up a debt financing to back its US$2.3bn acquisition of US-based identity theft protection company LifeLock Inc.
  • Palmer Square Capital Management, a US$3.7bn investment firm, has hired two for business development.
  • Payment processor First Data Corp has allocated its €763m term loan, lowering the pricing on the deal to 325bp over Euribor from 375bp.

More syndicated loan coverage on LoanConnector.

What to Watch (11/28/16)

  • Vestcom International has scheduled a November 29 lender meeting to launch a US$375m credit facility. JP Morgan leads.
  • Masergy Communications has scheduled a bank meeting for November 29 to launch a US$522.5m credit facility backing its buyout by Berkshire Partners.
  • Completed leveraged covenant-lite loan volume has already reached US$83bn in 4Q16 through mid-November.
  • Yields have widened slightly in November to the highest average since July. The average yield, assuming a three year term to repayment on first-lien institutional loans is in the 5.36% context so far in November, slightly up from 5.1% in October.

More syndicated loan coverage in Gold Sheets