Deals
Leveraged Loans Left Behind in M&A Boom as Buyout Firms Outbid
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Wall Street’s leveraged-finance bankers are getting little love these days from the buyout titans that helped turn their market into an $800 billion behemoth.
The U.S. leveraged loan market is heading for its slowest year since 2012, with $236.1 billion of debt sold to institutional investors in 2015, down about 40 percent from this time last year, according to data compiled by Bloomberg. The $37.5 billion of loans financing leveraged buyouts this year is down from about $58.4 billion, Bloomberg data show.