US LevFin Wrap — Enviva smokes up, Hertz’s EV push falters, Medline reports huge gains
- Sasha Padbidri
- +David Bell
It’s a short week, so we’ll keep this wrap brief.
The mood in the leveraged finance primary market has calmed significantly and deal flow is slowly ramping up with at least eight new deals launching this week. This is a stark contrast to the previous two weeks where three loan transactions were pulled from the market due to macro volatility.
Investors, for the most part, are still looking at deals although fatigue is beginning to creep in.
“We’re just trying to wind down until the rest of the year and not get caught offside,” said one portfolio manager.