Reuters | U.S. Loans Struggle to Clear Volatile Primary Market

By November 29, 2018November 20th, 2019In The News

Some US leveraged loans are struggling to clear the market after volatility in global equities pulled secondary loan prices lower and prompted a correction that has stranded opportunistic deals in the primary market as sentiment turned.

… Despite recent weakness in the loan market, bankers and investors expect conditions to improve in 2019, and some are even seeing this period as a buying opportunity, investors said.

“It is certainly a credit pickers market,” said Neil Desai, a managing director and portfolio manager at investment firm Highland Capital Management. “You can find high-quality loans that are below par simply due to the fact that their coupons have gotten so low.”…

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