Octus Radio
Harris Associates’ Adam Abbas Talks Leveraged Finance Market Tone
Feb 5, 2024
Harris Associates’ Adam Abbas discusses leveraged finance market tone, anticipating rate cuts' impact on corporate issuance. Private credit competes with syndicated loan market. Podcast also covers restructuring world updates and previews upcoming legal events.
27:33
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Quick takeaways
- Inflation concerns drive leveraged loan issuer strategy in the market, with inflation normalization dynamics shaping both risks and opportunities.
- Anticipated rate cuts by the Fed in 2024 contribute to a favorable environment for leverage finance, affecting market expectations and pricing adjustments.
Deep dives
Inflation Risks and Leveraged Finance Market
Inflation remains a key concern for the leverage finance market, influencing how leveraged loan issuers approach new deals. The dynamics of inflation normalization impact the market heavily, with both upside and downside risks being significant. The possibility of inflation stabilizing around low twos creates a positive outlook for the leverage finance market. With the potential for inflation to decrease, leveraged loan market conditions could improve, leading to increased activity.
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