ARTICLE · 26 JULY 2024

Debt Download

Goodwin Procter LLP

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With private and broadly syndicated lenders squaring off and M&A eyeing a dramatic return, this is the summer blockbuster for you!

United StatesFinance and Banking

Mohammed A. Alvi

Welcome to Debt Download, Goodwin's monthly newsletter covering what you need to know in the leveraged finance market. With private and broadly syndicated lenders squaring off and M&A eyeing a dramatic return, this is the summer blockbuster for you!

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In the News

New issue volume of broadly syndicated loans (BSLs) ticked down slightly in June, with a corresponding spread increase, according to Covenant Review. Priced new-issue volume net of associated repayments was $19.3 billion for the month, down from $20.5 billion in May. The average all-in clearing spread for single-B loans rose to S+365 (S+355/99.7 OID), from S+359 (S+354/99.8 OID) in May, which was a 52-month low. Price flex remained strongly in favor of borrowers, with 39 loans tightened during syndication against only one loosened, doubling last month's

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