Q1 2011: A Crazy Time for Leveraged Loans

Kellerhals, Richard
April 2011
High Yield Report;4/4/2011, Vol. 22 Issue 14, p16
The article describes the state of leveraged loans as of the first quarter of 2011. The quarter had seen repricing deals, covenant-lite loans and dividend-related deals compelling loan investors to be wary. With this, a loan trader predicts that there will be more mergers and acquisitions and leveraged buyouts on the second and third quarters. Thomson Reuters reported that leveraged loan volume was at 148.7 billion U.S. dollars by the end of the first quarter but half of the amount was used to refinance debt.


Related Articles

  • LBO, M&A Loan Volumes Climbing. C. J. C. // Leveraged Finance News;5/14/2012, Vol. 2 Issue 20, p1 

    The article reports on the increasing frequency of leveraged buyouts (LBO) and mergers and acquisitions (M&A) loan. It says that LBO loans comprise the 16 percent of institutional loan calendar while 38 percent of it is made up of M&A financings according to Thomson Reuters Corp. It mentions...

  • LBO Leverage Nears Peak Levels. Sheahan, Matthew // High Yield Report;11/4/2013, p8 

    The article reports on the growing leveraged levels on both large corporate and large institutional and middle market buyout deals in 2013, according to information service company Thomson Reuters.

  • M&A Activity Keeps Pace with 2012. Sheahan, Matthew // High Yield Report;8/5/2013, p7 

    The article focuses on data from market information provider Thomson Reuters as of August 5, 2013, including mergers and acquisition (M&A) activity reaching a volume of 135 billion dollars in the first half of the year and the rise in leveraged buyout (LBO) issuance.

  • DynCorp, Other Signs Point to More PE-Related Debt. Kellerhals, Richard // High Yield Report;4/19/2010, Vol. 21 Issue 16, p18 

    The article reports on the increasing number of private equity (PE)-related loans in the U.S. in the first quarter of 2010. According to figures from Thomson Reuters, leveraged loan issuance in the country went up to 85.244 billion U.S. dollars. Meanwhile, it has been predicted that there will...

  • LBO Leverage On the Rise, Approaching Boom Levels. Sheahan, Matthew // High Yield Report;11/4/2013, p33 

    The article discusses the leverage levels on buyout deals in 2013. Information service company Thomson Reuters expects leveraged buyout (LBO) deals to continue to grow in 2014. Several companies with leverage levels of 7.0x or greater are identified, including Hub International, Neiman Marcus...

  • Strategics Catch a "Break". MacFadyen, Ken // Mergers & Acquisitions: The Dealermaker's Journal;Sep2007, Vol. 42 Issue 9, p4 

    The author comments on the challenge faced by corporate acquirers in the U.S. amid the turmoil in the debt markets in the country in 2007. According to the author, if the corporate buyers plan on dealing though, they probably should act quickly, and most should consider the turmoil in the debt...

  • European High Yield: How High Can Europe's Leverage Go? Sargent, Carolyn // Bank Loan Report;11/8/2004, Vol. 19 Issue 43, p8 

    Examines the conditions of the marketing of the high yield junk bonds in Europe. Increase of leveraged buyout (LBO); Expansion of the investor base; Contribution of the LBO market to the high yield market.

  • Small and Steady. MacFadyen, Ken // Mergers & Acquisitions: The Dealermaker's Journal;Jan2008, Vol. 43 Issue 1, p31 

    The article focuses on micro deals, priced around $25 million or less, which continue to attract investors, even as the rest of the deal-making market maintains its in-and-out slumber amid the credit crunch. While these smaller transactions traditionally fly under the radar, according to pros...

  • Investors Eye Robust Merger Activity. K. L. // High Yield Report;7/17/2006, Vol. 17 Issue 28, p1 

    The article reports that investors have been expecting of high mergers and acquisitions (M&A), and leveraged buyout activities due to the increase in demand for new high yield debt in the U.S. Merrill Lynch data revealed that 29.2 percent of total high yield issuance in the first half of 2006...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics