CREDIT DAYBOOK AMERICAS: Leveraged Loan Blitz; DuPont Split

May 23, 2024, 11:30 AM UTC

Dealers are working on 24 leveraged loan deals that have commitments due Thursday, while at least four junk bonds are set to price. DuPont plans to split into three publicly traded companies, joining a list of industrial conglomerates seeking to boost returns by breaking into smaller, more focused businesses.

  • Credit markets are opening tighter Thursday morning in New York, CDX levels show, after blowout earnings from Nvidia overshadowed Wednesday’s release of Federal Reserve minutes, which showed officials are in no rush to cut interest rates
  • The biggest leveraged loan offering with commitments due is McAfee’s over $6 billion, dual-currency repricing ...

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