This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Debt Capital Markets News: March 2014

Deloitte Corporate Finance LLC


DOWNLOAD  

The March 2014 issue of Debt Capital Markets News includes the following highlights:

  • Leveraged loan pricing approaches pre-crisis levels - Leveraged loan pricing continues to decline for both institutional as well as for pro-rata loans. After a small up-tick in pricing in the third quarter of this year, pricing continued to decline, a trend that has continued since the aftermath of the 2012 sovereign debt downgrade.
  • Refinancing activity continues to dominate the market given relatively modest M&A and LBO activity - Refinancing activity remains the predominant use of proceeds representing 47% of new loan volume in 2013, relatively in line with 2012 levels.
  • 2013 middle market new loan volume remains subdued - Unlike the large corporate leveraged loan market, middle market volume remains well below pre-crisis levels. However, 2013 volume showed signs of life increasing 32% to $13 billion compared to $10 billion in 2012.

Source: S&P Leveraged Commentary and Data

Learn more by downloading Debt Capital Markets News.

Stay Connected