Middle Market Leverage Finance - Current Market Conditions Q4 2018

Published on: 01/18/2019

Through Q3, the MM lending market remained fairly aggressive in terms of rates, leverage, price flexes, covenant structures, and headroom reflecting flat new-deal volume (demand), robust capital raising among Direct Lending and other credit platforms (supply), and continued strength in the economy.

However by year-end, the credit market had turned more cautious due to rising concerns about an approaching recession, escalating trade tensions, the government shutdown, heightened stock market volatility, and further mixed economic signals.

Key Contacts

Kent Brown

Head of Debt Advisory Group

Brad Harrop

Vice President

Adam Morris

Vice President