Banks own a little over 55% of the $3.2 trillion global leveraged loan and CLO market. (a) One square = 1% of US$3.2 trillion global leveraged lending market, data as of end-2018. (b) Estimates of the total stock are based on Bloomberg’s definition of leveraged loans. Given the lack of a consistent definition of leveraged lending, there is uncertainty over the total stock of outstanding leveraged loans. In 2008, the number of leveraged loans issued plummeted and the few that were issued overwhelmingly had covenants.

Source: Forbes July 21, 2019 16:07 UTC