September volume was highest in 36 months
Norwalk, CT -- Three factors are contributing to a favorable environment for borrowers across virtually all forms of corporate loans, according to Sage Nakamura, managing director of loan syndications for GE Capital Markets, Inc. They are greater lender willingness to deploy capital, strong investor demand for loans and historically low interest rates.
The leveraged loan market has rebounded in 2010 after two challenging years, Nakamura said, and September volume was the highest in 36 months. Year-to-date leveraged loan volume stood at $162 billion through the third quarter compared to $49 billion over the same period in 2009, already exceeding the full-year 2009 volume of $77 billion. While the improvement is dramatic, volume is still a fraction of the pre-credit-crisis level, which exceeded $500 billion in 2007.
Nakamura's video recap of the third quarter U.S. leveraged loan market and his outlook for the remainder of the year are available on the Web site of GE Capital, Americas. This video is one of a series that will feature GE leaders discussing issues that are relevant to mid-market borrowers in the Americas. To view, click here: http://www.americas.gecapital.com/GECA/insightsandideas/overview.html
About GE Capital
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit www.ge.com.
Ned Reynolds
GE Capital
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