Increased M&A activity and Brexit
uncertainty has boosted the syndicated loan market, with the
imminent interest rate rise forcing companies to refinance now
rather than waiting for later down the line.
This means the next time borrowers
have to refinance, they would do so when negotiating terms
between the UK and the EU have solidified, and when there is be
a far more clear and certain macro-environment than
Last year, according to Thomson Reuters
data, the UK led the EMEA region for syndicated lending. The
$175.9 billion in proceeds comfortably beat Germany ($123
billion) and France ($117.7 billion), and it is expected that
2018 figures will be similar if not greater than last year.
UK M&A activity is also at its highest point in the past
decade. In the first quarter of this year, deals amounted to
$120 billion, with 681 deals completed, more than double