Leveraged loan issuance volume experienced a decline in the third quarter of 2018, while intense competition among lenders continued to drive borrower-friendly terms.

Driven by a record-breaking M&A market and historically low credit spreads, the leveraged loan market was white-hot in the second quarter of 2018.

Following our publication of the Dividend Recapitalization Trends Report in late 2017, we are now providing an update on trends in the leveraged loan market.