Loan Market Covenant Trends – 2Q24
Borrower-friendly market technicals have continued to characterize the first half of the year. Macro conditions, including higher-for-longer interest rates, geopolitical instability and a turbulent domestic…
Search Results
Total Results:
Decreased Demand Sends BSL Returns to Lowest Level This Year
The robust demand for broadly syndicated loans (BSL) moderated in June, sending the average price on the Morningstar LSTA Leveraged Loan Index (LLI) 34 basis…
BSL Posts Record Volume in May as Strong Secondary Drives Returns, Repricings
Markets rallied in May, driven by a better-than-expected inflation reading combined with weaker consumer spending data that puts the economy back on a glide path…
Practical Law – Finance Fundamentals: Direct Lending Market vs. Broadly Syndicated Loan Market
A Practice Note discussing the differences between the direct lending market and the broadly syndicated loan market, two important segments of the US corporate loan…
BSL Returns Stay Positive in April Amid Downturn in Broader Markets
After consecutive months of elevated inflation readings, the Federal Reserve placed its interest rate cuts on ice and markets recalibrated.
Secondary Market Monthly (Mar 2024)
BSL loans returned 0.85% in March for a fifth consecutive positive month, per the Morningstar LSTA Leveraged Loan Index (LLI).
Elevated Interest Rates and High Demand Drive 1Q BSL Returns
BSL loans returned 0.85% in March for a fifth consecutive positive month, per the Morningstar LSTA Leveraged Loan Index (LLI).
Secondary Market Monthly (Feb 2024)
Broadly syndicated loan (BSL) returns increased to 0.91% in February, driven by a strong economy and market value gains.
BSL Returns Higher in February Amid Strong Demand from CLOs
Broadly syndicated loan (BSL) returns increased to 0.91% in February, driven by a strong economy and market value gains.
2023 Direct Lending Review
Direct lending has been among the fastest growing segments of leveraged finance, with AUM rivaling that of the broadly syndicated loan (BSL) and high-yield bond…
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.
View our Latest Member Spotlight
Our Partners
