US Middle Market Loans Legal Advisors' Rankings: 1Q23

Data Insight 19 April

US Middle Market Loans Legal Advisors' Rankings: 1Q23

  • US Middle Market loan issuance totaled USD 8.1bn for 1Q23.
  • Kirkland & Ellis claimed the top ranking on the US Middle Market Loans Borrowers' Legal Counsel League Table.
  • Moore & Van Allen claimed the top ranking on US Middle Market Loans Lead Banks' Legal Counsel League Table.

The full rankings are available to download on the right.

All rankings are based on data submitted to Debtwire Par. Loans will be classified as Leveraged based on a weighting of senior debt rating (BB+/Ba1 or lower) and current pricing level (Libor+200 or higher). In a case with an unrated borrower, pricing will be the determining factor. If pricing is not applicable to the current market trends, leverage levels may be considered on a deal-by-deal basis. Middle market is defined as up to USD 150m of funded debt and up to USD 300m of unfunded debt. Total combined funded and unfunded debt cannot exceed a combined USD 300m.For more details on our criteria or any other query please contact us a

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