Leveraged Finance Market Seeks M&A Boost in Second Half of 2024

Leveraged finance bankers are eyeing a potential revival in mergers and acquisitions in the second half of the year to boost sales of risky debt that fund the deals. They may be left waiting as risks including the US election keep a lid on buyout activity.

Several buyout financings have emerged in recent weeks, helped by broadly syndicated markets offering cheaper pricing than the private credit markets. On Monday, lenders led by Bank of Montreal launched a $2.55 billion leveraged loan offering to support a cohort’s buyout of payments company Nuvei Corp. And last week, banks sold a $2.145 billion ...