Leveraged loans managers well buoyed

"The leveraged-loan market is having a phenomenal year," says Eric Goodison, a partner at Paul, Weiss, Rifkind, Wharton & Garrison, adding that, at a recent closing dinner for a deal, a principal of one of the lenders said "the market could not be better."

There was $612bn in leveraged loans issued in the United States in 2006, according to a report from Fitch Investors' Service. Institutional loan volume reached a record $366bn for the year, up by more than 50% from $242bn in 2005, the repor