Daily News: May 19, 2017

LPC: U.S. Merger Lending on Rise, Waiting for Trump Reforms

Reuters reported that mergers and takeovers are increasing in the U.S. after a sparse first quarter as corporations, unwilling to wait for the Trump administration’s delayed tax, trade or healthcare reforms rush to close new deals.

About $30 billion of investment-grade loans have been mandated so far in Q2/17 financing mergers and acquisitions (M&A), which already exceeds the $18 billion arranged in the first three months of the year, according to Thomson Reuters LPC data.

With six weeks remaining in the second quarter, M&A lending is climbing.