The Minutes of Marc Rowan on levered loans https://minutesof.com/marc-rowan/on/levered-loans/ Everything Marc Rowan has said on levered loans: 2 verbatim quotes from September 2025, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:35 +0000 Rowan recalls that 25 years ago, the idea of levered loans trading seemed impossible because every loan was di https://minutesof.com/q/2f280aa7-a7c9-4f6e-8f81-5a763d016c86/ https://minutesof.com/q/2f280aa7-a7c9-4f6e-8f81-5a763d016c86/ “Twenty five years ago, the notion that levered loans would trade was a fantasy. How could they trade? Every loan was different.” — CNBC Television Wed, 03 Sep 2025 13:01:48 +0000 levered loans Rowan argues one bank's decision to make a market transformed levered loans into a tradable asset class over 2 https://minutesof.com/q/8851fd4c-5472-483a-be91-27141c6f26bd/ https://minutesof.com/q/8851fd4c-5472-483a-be91-27141c6f26bd/ “Twenty five years later, levered loans trade because this one bank made a market in it, and then other banks came and made a market in it.” — CNBC Television Wed, 03 Sep 2025 13:01:48 +0000 levered loans