Technology firms represent the largest concentration of this stress at 39%, or $54.4 billion, among 141 issuers trading below 80 cents. Software companies face additional refinancing risks from more than $100 billion of maturing debt and disruption from AI. Meanwhile, CCC bond yields have hit 15.58%, the highest since November 2022, as tighter Fed policy and rising global yields increase borrowing costs.
Tuesday, October 20, 2026
Story
US Distressed Loans Reach $139.8B to Near May 2020 Peak
US Markets13 days ago
Loans trading at 60% or less of their original value have climbed to $65 billion, a $25 billion increase over the past year, marking the highest level of deep distress since March 2020. The broader group of US leveraged loans trading at or below 80 cents has reached $139.8 billion, up nearly 90% in 12 months, leaving the distressed-loan universe just $4 billion below its May 2020 peak.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.