Our US LevFin Pipeline is a monthly report tracking upcoming and potential debt syndications, with a focus on expected new money supply. It’s based on publicly available information and laid out as three tables:
- Confirmed Debt Financing — Deal and accompanying debt financing have been announced
- Expected Debt Financing — Deal has been announced, debt financing is expected
- Potential Debt Financing — Potential debt-financed deal has been reported
We focus on deals above $1bn in expected enterprise value. Entries are sorted in descending order, with the newest additions at the top. View the full report (PDF) or download the Excel file.
Waiting for September
The US leveraged finance market remains open for business, but investors are increasingly doubtful that receptive financing conditions will translate into a meaningful wave of new LBO supply.
The seasonal slowdown appears to have arrived earlier than usual. Market participants typically expect one final burst of issuance in late July before activity fades in August, but that push failed to materialize this year.
“I feel like the seasonal slowdown happened a little earlier this year,” said David Rosenberg at Oaktree. “Usually at the end of July, there’s this last push of deals...
