Daily News: October 6, 2017

Lenders Push Back to Stop Downward Spiral of Leverage Loan Pricing


Reuters reported lenders are starting to push back in an effort to stop the downward spiral of U.S. leveraged loan market pricing.

According to Reuters, higher quality leveraged loan issuers would like to cut spreads, with some wanting to go as low as 75 bps over LIBOR.

Reuters said this activity is occurring along with constrained supply in the market as well as more refinancing and repricing activity compared to new money deals.