European LevFin Wrap — Europe’s biggest recap?

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European LevFin Wrap — Europe’s biggest recap?

Karis Hustad's avatar
Laura Thompson's avatar
  1. Nicolle Liu
  2. +Karis Hustad
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6 min read

This is our weekly newsletter on all the latest trends, breaking news, and deep-dive coverage in European leveraged finance. Explore all our market wraps here.

The European leveraged loan market finally picked up in the second half of September, but it’s still not the new money surge investors were hoping for, even as the Federal Reserve’s recent rate cuts promised better conditions for debt-funded buyouts.

A flurry of repricing deals dominated this month, with €4.27bn in European loans and €4.95bn-equivalent in dollar loans repriced in September alone, according to 9fin data. This €9.22bn total marks another wave of repricings this year, echoing events from February and June, driven by a lack of fresh issuance and sponsors looking to cut costs amid pressure to deliver returns to their LPs.

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