Press releases

5 Things to Know (2/25/19)

  • US high-grade companies have increasingly turned to term loans, which are cheaper to issue and easier to prepay than longer-term bonds.
  • Regulators are sounding the alarm about risk held by leveraged loan buyers outside the banking system as low interest rates have pushed non-bank lenders toward higher-yielding assets.
  • LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • International lenders active in Mexico are targeting less risky companies to maintain some exposure in a country adjusting to sweeping new policies.
  • Participants in the US$585bn US CLO market say a transition to a new benchmark should happen sooner than later as the phase-out of Libor is just two years away.

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