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2022 US leveraged loan and private credit market analysis and 2023 outlook

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The high-flying leveraged loan asset class returned to earth in 2022, while private credit providers burst fully onto the lending landscape—stepping into the financing void. Where do these crucial finance segments stand now, and how will each navigate an uncertain 2023? Join us for a webinar examining the trends that defined US leveraged loan and private credit markets in 2022 along with what lies ahead in 2023.

Key topics

  • US leveraged loan market trends and analysis, including a look at volume, proceeds, leverage, returns, supply vs. demand, and credit risk
  • The growth in private credit and direct lending in 2022, compared to the broadly syndicated market along with where opportunities in private credit might lie in 2023
  • While leveraged loan defaults remained scarce, distressed debt toward the end of 2022 hit its highest level since the pandemic onset
 
Download the presentation slides here.
 
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Featuring

Tim Cross headshot Tim Cross
Managing Editor, LCD

Tim Cross a managing editor at LCD, overseeing global editorial content and social media. Before joining LCD in 2001, Tim was a managing editor at LPC/Reuters reporting on, analyzing, and coordinating coverage on the US and European leveraged finance markets.
 

Marina Lukatsky headshot Marina Lukatsky
Senior Director, LCD

Marina leads LCD’s research business, the world’s leading provider of leveraged finance news, analytics, and index products. LCD Research provides comprehensive analysis, detailing virtually every metric of the leveraged loan market, including structure, pricing, yield, and volume along with secondary market performance and LBO/private equity activity. Marina has covered the US and European leveraged finance markets for over 20 years, developing analytics and commentary detailing market trends. She specializes in data-driven trend analysis on a wide range of topics, including loan index performance, recovery rates, and market technicals.
 

Abby Latour headshot Abby Latour
Editorial Lead, LCD

Abby currently writes about private credit and middle-market loans for LCD. She started at LCD in 2004, writing about high-yield bonds, later turning her attention to distressed debt during the credit crisis. From 2009 to 2013, she wrote about Asia-Pacific credit markets for LCD, while based in Hong Kong. Prior to S&P Global, she was with Reuters, first as a correspondent in the Nordic region and then as a copy editor based in London.
 

Rachelle Kakouris headshot Rachelle Kakouris
Director, LCD

Rachelle covers the US leveraged finance markets with a focus on stressed and distressed credits. Before joining LCD, Rachelle reported for Reuters and IFR on the US high-yield corporate bond market in New York, and prior to that on sovereign and covered bonds as a markets reporter for IFR Magazine and IFR Markets in London during the height of the financial crisis.

 

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