What is a leveraged loan? S&P/LCD's Leveraged Loan Market guide is the definitive explanation of how today's global leveraged finance market works.
The Guide covers the new-issue (primary) market, as well as the secondary, and details defaults/recoveries, among many other topics.
Also in the guide:
Pro rata vs. term/institutional debt
The syndications process
Best efforts vs. underwritten vs. club deal
The loan investor market: prime funds, finance cos., banks, CLOs
Public vs. private
Sponsors/Private equity shops
Loan credit stats
Pricing, fees, discounts
Derivatives (CDS, TRS)