Secondary Market Monthly - September Executive Summary

The September secondary loan market turned out to be a glass half-filled (more on that later).  Although returns on the S&P/LSTA Leveraged Loan Index remained positive in September, at 0.63%, it was the weakest performance recorded during the six month recovery that began in April.

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Term SOFR: Loans, CLOs in Scope!

By Meredith Coffey. This morning, the ARRC released best practice recommendations for the use of a SOFR Term Rate.