What is a Leveraged Loan?
A leveraged loan is a debt instrument undertaken by speculative-grade issuers, arranged by one or more investment banks and sold largely to institutional investors. See more in LCD's free Loan Primer and our quarterly almanac detailing market trends.
LCD News & Analysis
21 May 2020—
High-yield bond market kicks into overdrive, though investors demand concessions
21 May 2020—Tidal wave of investment-grade bond issuance, prompted by Fed, rolls on
14 May 2020—Earnings at US leveraged loan issuers plunge, while overall leverage spikes
13 May 2020—Retail sector defaults soar to record high in US leveraged loan market
12 May 2020—Amid grim employment picture, demand for restructuring expertise sharpens
11 May 2020—Facing revenue drought, middle-market companies, PE owners talk covenant relief
8 May 2020—Update: Coronavirus-related US revolving credit drawdowns surge to $275B
7 May 2020—European leveraged loan market eyes reopening from COVID-19 shutdown
6 May 2020—In grim sign, US leveraged loan defaults set record in April
4 May 2020—Update: Coronavirus-related US revolving credit drawdowns swell to $252B
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LCD News & Insights
With real-time news and proprietary analytics, LCD provides actionable news and technicals for the U.S. and European leveraged loan, high-yield bond, distressed, and investment-grade corporate markets. Plug into the leveraged finance space with some of our complimentary stories on originations, downgrades, and other market-level trends.
Our Leveraged Loan Primer details the leveraged loan market mechanics and historical trends
What is a leveraged loan? Our free, digital Leveraged Loan Primer is the definitive guide to all leveraged loan markets and the industry at large. It covers everything from leveraged loan purposes, types of syndications, how a loan is priced, types of loan facilities, LBOs, M&A, loan derivatives, pricing terms/rates, and everything in between.
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