The Debt Capital Advisory Team, led by Managing Director Kent Brown, has released its Q2 report on leverage finance in the middle market (download below).  Leverage multiples remained near all-time highs at 5.6x.  While lenders continue to migrate to more conservative structures, the team anticipates leverage to remain flat to slightly up throughout 2019 as the supply/demand imbalance supports a borrower-friendly environment.

In addition to charts on leverage multiples, interest rate spreads, equity contributions, and new issue volume, this report includes:

• Key Market Stats
• Quarterly Market Observations
• Required Reading
• Current Market Terms
• Representative Market Transactions