The TLB priced at the tight end of talk, with a $200 million upsizing, in a shift from a concurrent offering of senior unsecured notes.

The deal comes amid broader investor hesitancy about the proliferation of AI debt deals.

The Global Distressed Credit Weekly Wrap provides a comprehensive summary of the latest news for leveraged loans and high-yield bonds, and a rundown of courtroom bankruptcy activity.

Deals for Carrix and Morton cracked the ten largest all-time recap transactions for private equity-owned borrowers in terms of total debt.

The non-accruals included several consumer-facing and animal-care businesses.

In Q1, Carlyle Credit Solutions’ investors tendered roughly 4.8% of shares.

The Proskauer Private Credit Default Index tracks US senior secured and unitranche loans, including 716 loans representing $195.6 billion in original principal amount.

The US High-Yield Bond Weekly Wrap is the definitive report on the latest activity in the high-yield and high-grade bond markets, featuring commentary and data on the week’s headline news.

The US Private Credit & Middle Market Weekly Wrap highlights the latest activity in the private credit asset class, including in-depth stories, complemented by data on middle-market deals.

The Global CLO Weekly Wrap combines breaking commentary with the latest CLO and loan data for the US and European markets. Data includes individual deal details as well as broad market volume and spreads, divided by coupon, deal type and ratings. All charts and underlying data are provided in a corresponding data pack.

Low default data belies a rising share of loans priced at distressed levels as distressed investors eye the potential for elevated restructurings down the road.

After cautious pricing to clear the massive deal in nervous markets, investors scooped up bonds in secondary trading.

The firm’s overall credit business ended Q2 with $84 billion in dry powder, nearly a third higher than at the start of the quarter.

The Global Distressed Credit Weekly Wrap provides a comprehensive summary of the latest news for leveraged loans and high-yield bonds, and a rundown of courtroom bankruptcy activity.

Respondents point to several areas of concern, with continuing geopolitical risks, private credit and the future of AI topping the list.

The deals support acquisitions and refinancings to lower-priced debt.

The US High-Yield Bond Weekly Wrap is the definitive report on the latest activity in the high-yield and high-grade bond markets, featuring commentary and data on the week’s headline news.

Deal volume for credit secondaries transactions reached $20 billion in H1 2026.