Widening yields on middle-market loans is giving lenders more leverage to negotiate with middle-market borrowers, according to a report from Business Insider. The shift follows three quarters of downward pricing pressure characterized by agressive dealmaking for leveraged buyouts, and mergers and acquisitions. 

Yields on middle-market institutional term loan have risen to 6.22% so far in the second quarter from 6.09% in the first quarter, according to data cited by Business Insider. 

“It’s not a tightening market anymore,” one middle market loan investor told the news outlet. “The market has reached a point where we need more yield. We have capital to deploy but we don’t need to do it at such a tight price point.

“Pricing is still tight to a year ago, but we are getting back to where we should be,” said another.

Read this story in its entirety at Business Insider.