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
5 August 2020—
US leveraged loan default rate tops 4% as Oil & Gas pumps out sector record
31 July 2020—Neiman Marcus reaches settlement with creditors over MyTheresa claims
29 July 2020—After COVID-19 onset, 25% of all US leveraged loans are now 'Weakest Links'
23 July 2020—Fridson on Finance: Default rate outlook differences; examining improved covenant quality
21 July 2020—Loan default rate reaches 3.7% as oil, gas sector tops record
16 July 2020—Eyeing relief, US leveraged loan issuers continue to amend covenants
16 July 2020—Fridson on Finance: High yield and quantifying the effects of Fed intervention
15 July 2020— 14 July 2020—Deep Dive: Recessions show how purchase price multiples link PE, distressed debt
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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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