LCD News
LCD News is the news and research editorial arm of PitchBook | LCD (Leveraged Commentary & Data), a Morningstar company, providing real-time news, data, and analysis on leveraged loans, high-yield bonds, private credit, CLOs, and distressed debt across U.S. and European markets. It serves institutional clients including underwriters and investors with breaking news, in-depth credit research, and proprietary data tools covering the full life cycle of debt.
“The average European direct lending spread for the past 12 months (to April) is 509 bps—lower than the full-year 2025 reading of 522 bps.”
Source→“Zack Miller & Nishant Sharma, Reporters, LCD News — Authors of the US/European private credit spreads analysis.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.