Loan market overview

1
Loan market overview

• Steven Miller, Managing Director
• Standard Poors LCD(212) 438-2715steven_miller
  _at_standardandpoors.comwww.lcdcomps.com

2
U.S. Institutional Loan VolumeSource Standard
Poors LCD
3
Second lien loan volume Source Standard
Poors LCD
4
U.S. Institutional Loan OutstandingsSource
Standard Poors LCD
5
U.S. Institutional Market by Investor
TypeSource Standard Poors LCD
6
Average New-Issue Spread of U.S. Institutional
Loans, by SP Loan RatingSource Standard
Poors LCD
B/B
BB/BB-
7
Average credit statistics of large LBO (Issuers
with EBITDA gt 50M) Source Standard Poors LCD
8
Largest LBOs by YearSource Standard Poors
LCD
9
U.S. leveraged loan default rateSource Standard
Poors LCD
Actual
Model Forecast