February 2024 US Leveraged Loan Index Monthly Wrap

US leveraged loans advanced in February after a relatively muted start to the year. Although the focus of the new-issue market shifted toward M&A, as opportunistic activity declined from January’s dizzying levels, net supply continues to fall short of investor demand. With CLO issuance rising to multi-year highs last month, investors continue to look to the secondary market.  Marina Lukatsky of Pitchbook LCD wrote this.


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