Index Commentary - April 2023

US leveraged loans rallied in April, propelling the Morningstar LSTA US Leveraged Loan Index to a solid 1.05% gain after a banking crisis-related dip in March. A firmer tone in the secondary market fueled a modest resurgence of new-issue activity, and a few upsizing and reverse-flexes reflected solid investor demand.  This analysis was written by Marina Lukatsky of Pitchbook|LCD.


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