Richard Lloyd on Muck Rack

Richard Lloyd

As seen in: BBC, Bloomberg CityLab, The Guardian, The BMJ, The Times, HuffPost UK, The Daily Telegraph, The Herald Sun, Which?, Which? Conversation and
Communications director at InterDigital interested in patents, politics, business, law and almost all sports
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Articles

Stable leveraged loan markets weather Q1 storms

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By Richard Lloyd, Eugene Man
| JD Supra
Despite headwinds related to AI-led disruption and the conflict in Iran, leveraged loan markets in Europe and the US proved resilient in Q1, with high-quality borrowers continuing to access financing throughout the quarter Loan markets in the US, Europe and Asia saw year-on-year declines in Q1 issuance as falling software stocks and disruption to energy supplies from the conflict in the Middle East hit confidence.
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Renewed Deal Flow Building Momentum In Leveraged Loans

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By Richard Lloyd, Ben Ludewig
| JD Supra
US And European Leveraged Loan Markets Navigate A Tumultuous Year To Post Record Levels Of Issuance In 2025 Despite challenging market conditions in 2025, punctuated by tariff disruption and geopolitical upheaval, leveraged loan markets closed the year on a bright note, with activity in the US and Europe reaching record highs. US leveraged loan issuance climbed to US$1.89 trillion, nudging ahead of the US$1.86 trillion of issuance posted in 2024, the previous annual high.
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PIK a pocket or two?

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By Jeremy Duffy, Gareth Eagles, Martin Forbes, Emma Foster, Colin Harley, Richard Lloyd, Peter Mason, Shane McDonald, Lauren Winter
| Lexology
The macro-economic landscape of recent years, marked by rising interest rates and inflationary pressures, has significantly escalated borrowing costs in the European mid-market. This has prompted borrowers to explore alternative mechanisms within their credit agreements to alleviate the immediate cash burden of debt repayment. One such mechanism, that has increasingly gained traction, is the option to capitalise interest, commonly known as the “payment-in-kind” (PIK) toggle.
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