When banks have big blocks of commitments on their books that they can’t sell it really inhibits their ability to commit to new financing. Jeff Nassof More Quotes by Jeff Nassof More Quotes From Jeff Nassof The market was firing on all cylinders in the second quarter, there were plenty of new-money loans from both corporate M&A and leveraged buyouts, and it looks like more to come given the relaxed regulatory environment and strong stock market. Jeff Nassof business For investment grade companies, it's still a very strong M&A environment – stock prices are high, so sellers are willing to sell, and buyers are willing to bid their stock to get assets. Jeff Nassof business Debt financing is cheap, so that's not really any inhibitor to financing a big deal. Jeff Nassof business As the markets improved into the second quarter, the banks got a lot of those legacy commitments off of their books, freeing them to do more originations. Jeff Nassof company-news The big picture fundamentals are still in place: the low interest rates and the big investor demand for yield. Jeff Nassof company-news The first quarter was obviously pretty horrible, similar to what happened a year ago when oil started falling, it wasn't a problem that stemmed from leveraged finance deals themselves, but more of an external macro shock. Jeff Nassof mergers-acquisitions
