Market Trends 2018/19: M&A Financing

Summary

This article discusses the market trends for merger and acquisition (M&A) financing in 2018, including notable transactions, deal structure and process, deal terms, disclosure trends, industry insights, and regulatory trends, and provides a market outlook for 2019. Leveraged lending activity remained strong in 2018, despite challenging market conditions during the third and fourth quarters, with institutional volume down 13% from 2017 but still with the third highest year by volume of institutional leveraged loans ever recorded in the United States.