US leveraged loan market sentiment soured in February amid tariff concerns, volatility in the equity markets, and the potential effect of a less certain growth picture on borrower fundamentals. As secondary prices tumbled, opportunistic borrowing diminished and a handful of deals were pulled from the market. Although new-issue spreads remain near the tightest levels in over a decade, the technical picture became more balanced last month. Marina Lukatsky of Pitchbook LCD wrote this.