News & Analysis

driven by the PitchBook Platform

Banks eye low-rated refinancings to claw back business lost to private credit

Based on PitchBook LCD data, 21 companies have issued a broadly syndicated loan so far this year to refinance $8.3 billion of debt previously provided by direct lenders.

New Mountain BDC reports wave of second-lien repayments in Q4

New Mountain Capital’s BDC said the increase in second-lien loan repayments gave the lender an opportunity to place new, more senior debt for yields that were almost as high.

JP Morgan, BofA raise 2024 US, European CLO volume forecasts

US issuance is on a record-pace year-to-date, although JP Morgan analysts do not expect managers to equal 2021’s record full-year mark.

April Group preps bank-led loan to refinance private credit facility

The deal returns April to syndicated loans after it moved to private credit early last year.
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