Leveraged loan activity in North America crossed the trillion-dollar mark for the first time last year, with issuance surging to a record $1.337 trillion. But there’s a catch: buyouts and mergers made up less than one-tenth of that volume.
According to Fitch Ratings’ annual review of leveraged finance, the majority of leveraged loan issuance in 2024 came from repricing and refinancing, accounting for nearly $1.1
