This chapter explores the current state of the leveraged loan market, focusing on the imbalance between supply and demand and the role of collateralized loan obligations. It discusses the implications of potential interest rate declines, the trend of dividend recaps, and the factors influencing market activity amid economic uncertainty.
This week on The Reorg Primary View, Reorg's Katherine Schwartz speaks to Jim Schaeffer of Aegon Asset Management, where Jim is the global head of leveraged finance and serves as a portfolio manager for the various leveraged finance strategies. They discuss the recent volatility in markets, how anticipated rate changes might affect the market and M&A, the recent trend of dividend recaps, liability management exercises and their effect on the secondary loan market and much more.
And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.