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ARTICLE · 08 MAY 2024

Debt Download

Goodwin Procter LLP
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Volume of new issues in the broadly syndicated loan (BSL) market continued to climb in March, hitting $118.4 billion for the month, from $61.7 billion in February, according to Covenant Review.

United StatesFinance and Banking
Dylan S. Brown
Dylan S. Brown
Nikolaus J. Caro
Nikolaus J. Caro
Robert J. Stein
Robert J. Stein

Welcome to Debt Download, Goodwin's monthly newsletter covering what you need to know in the leveraged finance market. This month's edition features an analysis by Goodwin partners Reid Bagwell and Andrew Cheng on the ever-changing liability management landscape.

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In the News

  • Volume of new issues in the broadly syndicated loan (BSL) market continued to climb in March, hitting $118.4 billion for the month, from $61.7 billion in February, according to Covenant Review. Net issuance was $21.4 billion, a 25-month high point, compared with $15.4 billion in February. Market activity remains dominated by refinancings and extensions, along with dividend recapitalizations. Borrowers with private debt continue to be lured to the lower prices of the BSL market, with $14.4 billion of private credit loans refinanced into BSLs in Q1. Strong demand was reflected in the price flex

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