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In This List

EBITDA growth of leveraged loan issuers slows in 3Q as global economy softens

Fed rally & default fears bring bifurcation back to leveraged loans

Industry-Specific Losses Stand Out In Leveraged Loan Market As COVID-19, Oil Fears Globalize

Loan Downgrades Are the Biggest Concern for the European CLO Market

Europe’s Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity


EBITDA growth of leveraged loan issuers slows in 3Q as global economy softens

Year-over-year EBITDA growth among S&P/LSTA Leveraged Loan Index issuers that file publicly slowed to 9% in the third quarter, from 12% in the second quarter, according to data from S&P Capital IQ. This latest reading is the lowest since the first quarter of 2010. Managers’ ballpark estimate for third-quarter EBITDA expansion is in the mid single digits, down from the low double digits last year.

This chart was taken from an LCD News story detailing broader EBITDA/leveraged loan issuer trends. It is available to subscribers here.

Also in that analysis:

  • EBITDA growth vs GDP growth
  • Leveraged loan default rate, by amount