Credit market conditions held steady in the fourth quarter of 2017 despite strong economic growth and tightening monetary policy. Nevertheless, borrower anticipation of rising base rates, coupled with an uptick in M&A activity led to an 18% rise in loan issuance. Middle-market issuers can still reap the benefit of flexibility around uses of proceeds, leveragability and structure in the coming months, albeit at a slowly increasing all in cost. Read the report for more detail on current market conditions and trends.