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
23 June 2020—
US high-yield issuance sets new records, with Fed at market's back
22 June 2020—Update: Coronavirus-era RC drawdowns top $315B, via 834 US borrowers
17 June 2020—Fridson on Finance: Bond ratings' role in dramatic, post-Fed stock recoveries
16 June 2020—US high-yield bond market eyes record June as Fed-fueled debt issuance rolls on
15 June 2020—Fridson on Finance: Hot high-yield bond market hints at return to normal, despite current risk
11 June 2020—Smaller, shorter, less risk: Amid downgrade wave, US CLOs shift structure
10 June 2020—Covenant-relief activity soars as US leveraged loan issuers seek flexibility
8 June 2020—In market first, leveraged loan pricing for Logoplaste linked to ESG factors
4 June 2020—US leveraged loan downgrade ratio hits staggering 43:1 as COVID-19 stalls market
3 June 2020—Led by retail and telecom, US loan default rate tops historical average
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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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High-yield bond market trends and stats
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