Actionable Ideas for Companies and Sponsors

Leveraged Debt Maturity Wall Update

As we begin 2021, the maturity landscape for high yield bonds and leveraged loans offers opportunities for issuers looking to refinance and update their capital structure. With rates near record lows, refinancings can offer issuers compelling payback periods by refinancing debt even as far as 2026. Looking ahead to the next four years, over $800 billion in high yield and leveraged loans will mature and may need to refinance. Even for issuers with call protection, the current rate environment and flat yield curve can offer significant savings.