Daily News: May 22, 2017

Split Emerging in Liquid U.S. Leveraged Loan Market


Reuters reported that companies with strong earnings and good trading track records, such as telecommunications provider CenturyLink and food company Post Holdings, are tapping the U.S. leveraged loan market at ever-tighter spreads as investor demand remains strong for floating rate assets.

However, Reuters added, borrowers in weaker sectors, including nutritional supplement maker GNC and lift trucks-maker Hyster-Yale, are facing higher pricing as lenders demand better economics for taking higher risk in weaker sectors.