Publications
Publications
- October 2013 (Revised November 2018)
- HBS Case Collection
Note on the Leveraged Loan Market
Abstract
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
Citation
Ivashina, Victoria. "Note on the Leveraged Loan Market." Harvard Business School Background Note 214-047, October 2013. (Revised November 2018.)