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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 (7/18/16)

  • Uber, already a byword for disrupting established industries, has also confounded lenders in the leveraged loan market with its US$1.15bn term loan.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • Citigroup was the top arranger of US CLOs in the second quarter as issuance fell more than 41% from the same three-month period in 2015.
  • Britain’s vote to detach from the EU as well as tepid global economic growth will foster more corporate debt defaults and wider credit spreads, according to an IACPM survey.
  • LBO volume has returned to more familiar ground after Macquarie Capital leapt to the top of LPC LBO league tables amidst extremely slow activity and volatile conditions.

More syndicated loan coverage on LoanConnector.

What to Watch (7/18/16)

  • United Site Services will hold a lender meeting on July 20 to launch a US$450m credit facility to refinance existing debt. Antares Capital leads the deal.
  • Retail investors added US$136.5m into bank loan mutual funds and piled US$4.35bn into high-yield bond funds the week ending July 13, according to Lipper FMI.
  • After declining for three straight quarters, loan volume picked up in 2Q16. At US$214bn, leveraged loan issuance was up 64% from 1Q16’s US$130bn, but down 20% year-over-year.
  • Last quarter saw 45% of institutional tranches reverse flex compared to just 11% that flexed up. That was flipped from 1Q16 when only 11% institutional facilities reverse flexed against 29% which flexed higher.

More syndicated loan coverage in Gold Sheets