Berg, Tobias; Saunders, Anthony; Steffen, Sascha; … - 2016
We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U …. For term loans, U.S. firms pay significantly higher spreads. While European firms across the rating spectrum issue terms … loans, only low quality U.S. firms rely on term loans. U.S. issuers perform worse after loan origination compared to …