It was a busy week in the U.S. leveraged loan market, with new-issue activity totaling $20.5 billion, according to LCD.
While that’s a hefty figure, $5 billion of that amount is in the form of a revolving credit – as opposed to a more richly-priced institutional term loan – part of a debt package backing the merger of the Albertsons supermarket group with the Rite Aid pharmacy chain.
Year to date, U.S. leveraged loan volume totals $207 billion, $154 billion of which are institutional term loans. – Staff reports
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