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Article: Loan Market Reaches New High in October.(News)
- Article from:
- High Yield Report
- Article date:
- November 9, 2009
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Byline: Richard Kellerhals
October was a banner month for the leveraged loan market, with banks selling approximately $2.3 billion of loans to investors. That was more than eight times the amount raised in the first quarter of 2009. Bank of America underwrote the most debt, while JPMorgan came in second, according to Bloomberg.
What made last month standout was the fact that private equity firms were playing a role in the leveraged loan market once again. Case in point: The Blackstone Group borrowing more than $1.5 billion to acquire ...