The Resiliency of the Leveraged Loan Market
As financial markets came to a grinding halt in the Spring of 2020, forecasts were bleak not only for the leveraged loan market (“LLM”), but also for the U.S. economy at large. Fortunately, both have recovered from the depths of 2020 and the leveraged finance market has experienced a sustained recovery. In fact, it recently topped $3 Trillion (inclusive of both leveraged loans and high yield bonds). What does this mean for community banks and how can they benefit?