Leveraged loan issuance is running at a record pace and there’s no end in sight as buyout activity surges.
Supply has already exceeded $300 billion in the U.S., far surpassing any other year since Bloomberg began tracking the data in 2013, not including repricings. New money activity -- for leveraged buyouts, mergers and acquisitions, dividends and other capital expenditures -- accounted for $204 billion of sales and it’s about to get even more frantic, say bankers.
“The M&A market is exceptionally strong,” said