Improved U.S. Loan Market Performance
U.S. loan market performance modestly improved versus the prior quarter with the Morningstar LSTA US Leveraged Loan Index increasing from 96.54% of par to 96.71% of par.
Decrease in Distress Ratio
The distress ratio decreased from 4.42% at the end of the second quarter to 3.43% by the end of the third quarter.
Increase in US Leveraged Loan Primary Market Issuance
US Leveraged Loan primary market issuance increased by 45% compared to the same quarter the previous year, driven by higher non-refinancing issuance.
Board Declared Monthly Distributions
The Board declared monthly distributions of $0.035 per share for January, February, and March of 2025.