Jakema Lewis

New York

Reporter at LCD (Leveraged Commentary & Data)

Senior Reporter at PitchBook

Reporter for @lcdnews, covering high-yield bonds.

Featured in: Favicon

spglobal.com Favicon

forbes.com Favicon

americanbanker.com Favicon

financial-planning.com Favicon

nationalmortgagenews.com Favicon

bondbuyer.com Favicon

themiddlemarket.com Favicon

pitchbook.com

Articles

High-yield bond market primed for late-year push

Nov 13, 2024 | pitchbook.com | Jakema Lewis |John Atkins |John Adams wrote

Want to see more? Fill out the form below. I agree to PitchBook’s privacy policy
High-yield borrowers zero in on near-term maturities with refinancing push

Apr 5, 2024 | pitchbook.com | Jakema Lewis

High-yield issuers continued to take advantage of firm markets in March, mostly to chip away at upcoming maturities, even as Treasury rates drifted higher amid equivocal signals from the Fed. New-issue volume was $27.6 billion, a three-year high for March issuance, according toLCD data. The $85.2 billion of issuance in the entire first quarter was a 110% increase from the first quarter of 2023. Bond issuance ticked up slightly from February’s $26.5 billion total.
Acrisure prints $925M high yield bond offering to yield 8.25%

Jan 18, 2024 | pitchbook.com | Jakema Lewis

Acrisure LLC today placed a $925 million offering of 8.25% five-year (non-call two) senior notes due Feb. 1, 2029 at par, according to market sources. Initial price thoughts for the JP Morgan-led deal were floated with a mid-8% yield. Proceeds of today’s market tap will be used to redeem in full the company’s 7% senior notes due Nov. 15, 2025, as well as pay the premiums and accrued interest to the redemption date.
2024 US High-Yield Outlook: Receding rates, imminent maturities to spur dealmaking

Dec 19, 2023 | pitchbook.com | John Atkins |Jakema Lewis

As rates recede and as participants embed soft-landing scenarios into their 2024 outlooks, the focus for the year ahead will shift to the impending maturity wall, leading market participants to project a second straight annual increase in issuance volume from 2022’s threadbare output. Better funding conditions should allow more issuers to step from the sidelines, where many firmly planted themselves through the Fed’s rate-tightening cycle to sidestep rate volatility and towering absolute costs.
High-yield bond issuance surges; returns hit 16-month high in November

Dec 8, 2023 | pitchbook.com | John Atkins |Jakema Lewis

A powerful rally for fixed-rate bonds post the Nov. 1 FOMC meeting produced the best gains for high-yield in 16 months, while sparking an issuance revival that has extended into December. November high-yield issuance swelled to $19.4 billion, besting the $9.5 billion priced in October and the $9.2 billion in November 2022, while marking the fourth largest monthly total year-to-date, according to LCD. Total leveraged finance volume for Nov.1-Nov.