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Q3 2026 Leveraged Loan Market Overview

Shifting Tides

The third quarter of 2026 was marked by a long-awaited return of M&A to the leveraged loan market, set against an increasingly selective credit backdrop.

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Q2 2026 Leveraged Loan Market Overview

A Tale of Two Cities

The second quarter of 2026 was characterized by an increasingly bifurcated leveraged loan market, with performance delivering between PE-backed issuers and corporates, higher and lower-rate borrowers, and software credits versus the broader index.

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Q1 2026 Leveraged Loan Market Overview

Under pressure: Leveraged Loans Navigate Volatility to Start 2026

The leveraged loan market entered 2026 with activity moderating from last year's elevated levels, as heightened volatility and a broader risk-off backdrop weighted on refinancing ("refi") and repricing volumes.

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ARC Launches Portfolio Credit Program, Extending Non-Payment Insurance to Pools of Credit Risk

By Sara Morton

Applied Risk Capital ("ARC") today announced the launch of its Portfolio Credit program, extending the firm's non-payment insurance underwriting from single-name leveraged finance exposures to diversified pools of credit risk.

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Credit markets broaden view of risk and portfolio diversification

By Ranjini Pillay & Andrew Shapiro

As global monetary policy tightens, corporate treasury teams should re-evaluate their risk management profile to reduce exposure.

treasuryandrisk.com →