Debt Capital Markets News: August 2014
Deloitte Corporate Finance LLC
The August 2014 issue of Debt Capital Markets News includes the following highlights:
- Leveraged loan pricing rises - After two consecutive quarters of decline, leveraged loan pricing rose for both institutional and pro-rata loans.
- Credit statistics continue to loosen in favor of borrowers - Leverage ratios continue to be favorable to borrowers despite changes in the interest rate environment.
- 2014 purchase multiples remain high - Purchase price multiples increased from 8.3x in the first quarter to 10.6x in the second quarter of 2014.
Source: S&P Leveraged Commentary and Data
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