Institutional Loan Volumes
$295
$39
$158
$71
$231
1Q19
2Q19
$455
$376
$257
$337
$503
$435
$310
$289
$615
3Q19
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
($ in billions)
SOURCE: S&P LEVERAGED COMMENTARY & DATA
M&A Refi/Recap/Other