Leveraged loan volume continues to climb amid big deals, buyside resistance

The leveraged loan market became busier - logging more than $74 billion in rolling 30-day volume - and even more bifurcated during the past week. Numerous issuers continued to tighten interest rates and terms, but no fewer than five repricings appeared to be shelved outright, and terms on other deals were pushed wider. Most significant: Now that the bleeding has stopped, CLOs are beginning to re-emerge (here, here, and here, for instance).