Covenant-lite share of US leveraged loan outstandings continue to hold at ~79%. That’s roughly $950B of what’s now a $1.2T market

via @lcdnews:

US #leveragedloan segment lost 0.22% in May, pretty much in the middle of the pack, and far better than #highyield and equities buff.ly/31oSuDB ht @abnormalreturns

From LCD’s monthly private equity report: Avg purchase price multiple on 2019 European LBOs remains +10x, though down from year ago #leveragedloan #highyield

The retail investor flight from US #leveragedloan market continues: $30B withdrawn over past 30 weeks buff.ly/2F9OOwj $BKLN

 

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