| HBS Case Collection
(Revised October 2015)
Note on the Leveraged Loan Market
This note provides an introduction to the process of loan syndication and the evolution of the leveraged loan market. The note emphasizes the role of banks as loan originators and the evolution of the institutional investors' entry into the leveraged loan market. In particular, the note discusses the role and incentives of collateralized loan obligations (CLOs).
Keywords: Financing and Loans;