Index Monthly June 2019

The U.S. leveraged loan asset class gained 24 bps in June, an improvement over May (when it lost 0.22%) but a disappointing reading compared to the rest of 2019, which has so far seen loans advance an average of 0.94% per month, according to the S&P/LSTA Loan Index Monthly Review for June.


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LIBOR: Hardwired for Success?

On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”).