Markets Mindset: Q2 2026 Leveraged Finance: Software Sector Impact

Markets Mindset: Q2 2026 Leveraged Finance: Software Sector Impact

Within leveraged finance, there has been a shift in activity in term loan B, high yield and CLO markets as the industry contends with the resetting of software valuations as a result of the AI disruption. In the middle of this uncertain environment, what should leveraged finance investors and issuers know moving into the next quarter? In our latest episode of Markets Mindset, Mizuho Americas’ Head of Leveraged Finance, Jeb Slowik, is joined by Managing Director of Leveraged Finance, Jim Boland, and Head of U.S. CLO trading, Stefan Kullberg, for a discussion on how the software sector has impacted leveraged finance markets this past quarter.

Our guests give their insights into their respective markets to provide clarity around:

  • How software is influencing CLO market trends
  • High yield market strength
  • The sustainability of refinancing private credit
  • The health and stability of the AAA bid in the CLO market
  • The trajectory of the new issue and secondary markets

Hear from our experts as they analyze the state of leveraged finance and offer their views on which KPIs investors and issuers should watch in the months ahead.

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Episoder(38)

Markets Mindset: Q3 2026 Debt Capital Markets: Absorbing the Tech Issuance Surge

Markets Mindset: Q3 2026 Debt Capital Markets: Absorbing the Tech Issuance Surge

With year-to-date issuance up significantly in both tech and communications, will the surge of AI hyperscalers continue to alter the complexion of the market?In our latest episode of Markets Mindset, ...

29 Jul 13min

Markets Mindset: Q3 2026 Equity Capital Markets: Utilizing POWL for IPO Demand in Japan

Markets Mindset: Q3 2026 Equity Capital Markets: Utilizing POWL for IPO Demand in Japan

U.S. issuers are increasingly looking at the opportunities that exist in Japanese retail and institutional investment. This trend is highlighted in the SpaceX IPO, the largest in history, which raised...

29 Jun 6min

M&A Corner: Managing Risks in the M&A Process

M&A Corner: Managing Risks in the M&A Process

As dealmakers navigate a competitive and fast-moving M&A environment, questions around risk allocation, execution speed and emerging technology are becoming increasingly important.In this episode of M...

3 Jun 20min

Markets Mindset: Q2 2026 Debt Capital Markets: Weathering the Geopolitical Climate

Markets Mindset: Q2 2026 Debt Capital Markets: Weathering the Geopolitical Climate

The effects of the geopolitical climate over the past few months have rippled out across Debt Capital Markets. From the conflict in the Middle East and its impact on global oil prices, to questions ar...

28 Apr 19min

Markets Mindset: Q1 2026 Equity Capital Markets: The Return of IPOs

Markets Mindset: Q1 2026 Equity Capital Markets: The Return of IPOs

Equity capital markets are off to a strong start in 2026, with IPO activity accelerating after several years of subdued issuance. Early momentum, improving performance and a growing pipeline across se...

5 Feb 9min

Markets Mindset: Q1 2026 Leveraged Finance: A Deep Dive into Data Center Financing

Markets Mindset: Q1 2026 Leveraged Finance: A Deep Dive into Data Center Financing

Leveraged finance markets experienced a meaningful pick up of activity in 2025 driven largely by continued high volumes of data center financings, including several of Mizuho’s recently lead deals.  B...

21 Jan 13min

Markets Mindset: Q1 2026 Debt Capital Markets: Ready, Supply, Go!

Markets Mindset: Q1 2026 Debt Capital Markets: Ready, Supply, Go!

Debt Capital Markets are off to a running start in the new year, with heavy supply flooding the markets in the first week of January.Looking ahead to the rest of 2026, how will the lofty market estima...

16 Jan 16min

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