Investment Management

Senior Loans

02/08/2018

Senior Loan Talking Points - Weekly Highlights

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

Despite the extreme volatility seen in equity markets this week, activity – and psychology – across the US loan market was largely unaffected.

02/01/2018

Senior Loan Talking Points - Weekly Highlights

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The primary market saw an uptick in LBO and acquisition-related deals, as the market remains hungry for fresh paper.

01/25/2018

Senior Loan Talking Points - Weekly Highlights

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

Volume in the primary market was steady again, with repricing activity remaining the main driver.

01/21/2018

Senior Loan Talking Points - Highlights

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

LBOs and M&A-related transactions were the bulk of primary activity this week, representing 63% of all new launches, in what has been a relatively busy start to the year.

12/18/2017

Senior Loan Talking Points - Fed Follows Through, as Expected

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

In a week highlighted by a widely anticipated rate hike by the Fed, the loan market began the process of wrapping up activity before 2017’s calendar comes to an end.

12/11/2017

Senior Loan Talking Points - Weather Gets Colder, Market Stays Warm

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The loan market moved up in the first week of December, as the S&P/LSTA Leveraged Loan Index (the “Index”) returned 0.11%. The average Index bid increased two basis points, to 98.00.

12/03/2017

Senior Loan Talking Points - Resiliency in the Face of Volatility

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The syndicated loan market remained steady this week, despite notable swings in both equity prices and bond yields. The S&P/LSTA Leveraged Loan Index (the “Index”) posted a 0.14% return for the seven-day period that ended the month of November, as the average Index bid moved six bps higher to close at 97.98.

11/17/2017

Senior Loan Talking Points - Actively Anticipating Holidays

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

With the Thanksgiving holiday nearly upon us, arrangers rushed to the primary market with a bevy of repricing transactions, putting some downward pressure on secondary trading.

11/10/2017

Senior Loan Talking Points - Activity Going, Supply Slowing

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

Activity in the U.S. loan market remained healthy this week, despite the forward calendar naturally slimming. The S&P/LSTA Leveraged Loan Index (the “Index”) was relatively flat with a -0.02% total return as the average Index bid fell by nine basis points to end the week at 98.07.

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