Deals
Leveraged Debt Markets Wait for Private Equity’s $1.2 Trillion
- Junk bond, leveraged loan sales have fallen amid M&A slowdown
- Buyout firms’ record for raised money could fuel issuance
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There are 1.2 trillion reasons for U.S. junk bond and leveraged loan issuance to stay relatively strong this year.
That’s how much money private equity firms globally had available to deploy as of the end of last year, a record level that’s 17 percent above 2017 figures, according to Preqin. The buyouts they’ll need to finance should keep U.S. issuance volume from plunging this year.