Distressed and stressed paper combined accounts for roughly 12% of loans, while the par-plus share remains near 40%, underscoring a growing divide between stronger and weaker credits.

The PitchBook LCD six-month forward default projection is 1.86% by issuer count.

The agency has recorded 11 middle market defaults so far this year through May 20, compared with 17 middle market defaults recorded during the entire year of 2025.

Apollo and Blackstone are planning to sell down some of the debt through a syndication and keep significant portions for themselves.

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.

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.

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 deal brings corporate M&A loan volume to $15.1 billion in May, more than the combined total from January-April.

Hercules is looking to invest in tech companies that are benefiting from AI, even if they are not pure-play GPU data center financings.

The firm expects attractive secondaries discounts in credit assets originated during vintages between 2016 and 2021.

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.

Such an M&A wave has the opportunity to generate liquidity, exits, and refinancing opportunities for lenders, but KKR warned it will also test which software borrowers have real strategic value.

The company is in the midst of winding down its remaining assets and operations after a last-ditch effort to obtain a government bailout fell short.

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.

Proceeds refinance part of a $15 billion bridge facility supporting Paramount’s acquisition of WBD.

The long-running tug-of-war between the private credit market and the broadly syndicated loan market over takeouts has favored the banks of late.

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.