Debt Capital Markets News: June 2014
Deloitte Corporate Finance LLC
The June 2014 issue of Debt Capital Markets News includes the following highlights:
- Robust M&A and recapitalization activity lifts loan volume - Leveraged loan volume rose to $161.8 billion during the ﬁrst quarter of 2014 from a 15-month low of $126.7 billion in Q4 2013.
- Credit statistics continue to loosen in favor of borrowers - Leverage ratios continue to be favorable to borrowers as lenders’ need for assets remains driven by the low interest rate environment.
- 2014 middle market chase multiples remain high - As a result of the favorable lending environment, average senior debt multiples for new middle market loans increased to approximately 4.9x, an increase from 2013’s average senior debt multiple of 4.5x.
Source: Source: S&P Leveraged Commentary and Data
Learn more by downloading Debt Capital Markets News.