While Big Law steered a few big announced mergers in the last week, mega deals continued to trickle. A slowdown in leverage finance deals was partly behind last year's drop in M&A. And it may continue this year.
February 06, 2023 at 04:02 PM
5 minute read
A steep slowdown in leverage finance deals last year was partly behind last year’s drop in mergers and acquisitions, with a rise in both interest rates and credit spreads making it unappealing for many issuers to tap loan markets to finance mergers and buyouts.
The report said leveraged finance issuance in 2022 was at its lowest levels since 2010.
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