16 Sep Voya Senior Loan Group – ‘Talking Points’ – Picking Up The Pace
Voya Senior Loan ‘Talking Points’ is a weekly publication from the Voya Senior Loan Team Heads, which provides key insights and results in the Senior Loan marketplace.
Picking Up The Pace
Loan market activity remained steady this week as business continued to pick up after the U.S. Labor Day holiday. The S&P/LSTA Leveraged Loan Index gained 0.04%, while the average bid for the asset class slipped three bps, to 97.92.
Price revisions in the primary this week evidenced the pace as economics tightened for several deals. The forward calendar appeared to grow substantially, with the amount of net new supply (net of all anticipated repayments) totalling about $25.41 billion, up from last week’s net new supply of $18.67 billion.