Syndicated Scoop for January 2018: Record Year for CLOs, Look Out as Jumbo M&A Season Begins, and More
2 February 2018
Syndicated Scoop is Intralinks’ monthly newsletter providing a recap of the month’s top stories and insightful commentary related to the commercial and syndicated lending industry.
U.S. mid-market lenders concerned about leverage, loan docs: report
A recent survey on lending trend from Carl Marks Advisors revealed that U.S. mid-market lenders are increasingly concerned about the high levels of debt held by middle market companies versus a year ago, as well as what they consider to be less-restrictive leveraged loan documents. Read more
US CLOs may see record year as investors seek interest-rate hedge
The US Collateralized Loan Obligation (CLO) market may be heading for a record year in 2018 as investors seek floating-rate assets as a hedge to rising interest rates, according to Thomson Reuter’s LPC. 2017 saw the second-largest year of issuance ever, and with expectations for similar economic conditions this year, banks are optimistic for 2018 (Wells Fargo is predicting a record US$125bn in issuance). Read more
Lenders joyful as jumbo M&A season begins in the UK
GlobalCapital reports that investment-grade loans bankers are licking their lips as a spate of big UK M&A transactions gathered pace this week. But jumbo transactions rarely go smoothly, and lenders have already had to adjust expectations after GKN batted away an offer from Melrose. Read more
Hope you liked this month’s edition. If you have a comment or tip, or would like to learn more about Intralinks solutions for the full loan lifecycle, feel free to shoot me an email at firstname.lastname@example.org.
To see last month's edition of Syndicated Scoop click here.
Kylie Horner is an Associate in Strategy and Product Marketing at Intralinks. She is part of the team responsible for determining go-to-market strategies for the debt capital markets and alternative investment businesses. Prior to joining Intralinks, Kylie worked in marketing and communications at ACTIV Financial, a financial information technology firm. She graduated from the University of Colorado at Boulder with a degree in Journalism, and a specialization in global media.