Breaking down the 2026-2027 US LevFin maturity wall
- Benjamin Dickerman
- +Dan Milka
US corporate debt issuers looking at their remaining 2026 and 2027 maturities have a lot to digest after the recent hot jobs report, rising mortgage rates, and the future of Fed rates as the Trump administration took office this week.
Recent financial filings show that 237 publicly traded US and Canada-based HY companies have $79.2bn of debt maturing in 2026 and $140.3bn in 2027:
Source: SEC Filings, 9fin; Image
It is important to note that these figures are a subset of the 2026-2027 maturity wall only considering bonds and loans issued by publicly traded HY companies in the US and Canada with US dollar denominated debt. Quasi-equity instruments like convertibles, as well as revolving facilities like RCFs and ABLs are also not included. In SEC filings, some companies group together individual tranches with different maturities; these figures are not included in the 2026 and 2027 figures and are noted in the tables in the appendix.