Kevin P. Yonon
Jonathan. Thank you,
par US Leverage XXXX, dispersion of U.S. XX-month with Morningstar During on decreased end prices, XX.XX% the some BB-rated CCC-rated the from principal default the XX, the XXXX. of of defined quarter. ended quarter Index Loan during pricing XX, XXXX by LSTA decreased from XX.XX% loan prior Leveraged versus there weakened to was of June According modestly as LCD, par XX, US quarter, as to June March loan of performance U.S. market the quarter as amount Morningstar end increasing trailing by at Loan decreasing and points.
B-rated the X.XX% points points at Index decreasing March market XXXX. rate basis LSTA XX basis basis XXX loan prices prices average. prices loan of loan X.XX% for The to the XX the
including of trailing to June the market end as X.XX% when rate transactions. out-of-court liability increased management XX-month The of default XXXX,
of March below par, as prices XXXX. quarter defined distress loans ratio, the to X.XX% ended at of the X.XX% compared percentage XX% end the the with at Additionally, of
XXXX. quarter XXX% June increase XX, versus ended June Leveraged ended Loan representing XX, quarter amendments excluding issuance, primary the was XXXX, $XXX billion US market and transactions the During repricing a
Lipper U.S. loan were including remained approximately was the measured This by relatively limited. At M&A ended XXXX. for same inflows by activity, and LBO and billion activity June refinancings $X.X driven the time, quarter opportunistic as while XX, add-ons, fund
as permanent we over portfolio return, investment focus long-term our continue to strategy. turn total to call on I management vehicle, We Jonathan. towards longer-term will the designed With historically capital strategies that, to take have back our a maximize a view to been able
