Smaller UK loan supply dries up
The volume of smaller investment grade syndicated loans in the UK has shrunk sharply as a proportion of overall deals in the region, though some lenders are still pinning their hopes on sub-£250m trades being a P&L sheet saviour.
UK investment grade companies have signed loans totaling £41.8bn-equivalent so far this year, according to Dealogic. Of the deals signed, £25.5bn was loaned in just the 15 biggest transactions, led by drug firm GlaxoSmithKline’s £7.8bn-equivalent acquisition facility in January.
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