BDO Capital Q3 2021 Debt Market Update

October 2021


While the U.S. leveraged loan market took a breather in August 2021, total year-to-date loan issuance was $977 billion according to Debtwire, a 69 percent increase compared to the prior year. Demand for new money loans remained strong, accounting for 72 percent of August volume as buyouts and M&A activity totaled over $15 billion and $14 billion, respectively. This trend is expected to continue for the remainder of the year as the number of announced M&A transactions and ongoing sale auctions build.