CREDIT DAYBOOK AMERICAS: Leveraged Finance Set to Stay Active

While the Federal Reserve rate decision will likely keep the US investment-grade primary market quiet Wednesday, that won’t be the case in the still-busy leveraged-finance space.

• There are seven leveraged-loan deals with lender commitments due, and DirecTV is expected to price a $1.5 billion junk-bond addition
  • Twelve firms have already issued high-yield notes this week, raising a combined $8 billion, and this month’s volume of $27 billion is already three-quarters of September 2024’s total
• As for the Fed, Bloomberg Economics anticipates two dissents of a quarter-point cut — predicting that new Governor Stephen Miran will favor a half-point reduction and ...