Q3 2026 LME update: 11 of 14 closed deals included new money

14 LMEs completed in Q3 for a total of 39 across 2026. Eleven included new money and five reached universal or near-full lender participation, while the cohort saw fewer co-ops than in previous quarters.

This analysis also covers Medallia’s lender takeover, the shifts in this year’s advisor rankings, and the 65 other names at various stages of the LME cycle.