US companies have repriced nearly $400 billion of debt at lower interest rates this year, benefiting from high investor demand for junk loans. This represents a significant portion of the leveraged loan market, easing financing conditions for corporate America.
A recent deluge of cash into ETFs tracking US collateralized loan obligations is spurring money managers to try to replicate the model in Europe https://t.co/LKIMDquPBe
(#leveraged bonds) US companies have been able to reprice almost $400bn of debt at lower interest rates this year due to booming investor appetite for junk loans, in an easing of financing conditions for corporate America, chart @FT https://t.co/L7LY5oCzM3 https://t.co/wQROfTU7dF
FT: "Companies slash borrowing costs on $400bn of US junk loans" https://t.co/wjMY2ahtHI
(FT) - US companies have been able to reprice almost $400bn of debt at lower interest rates this year due to booming investor appetite for junk loans, in an easing of financing conditions for corporate America. @FT https://t.co/kQ3dgWv9kD https://t.co/yIu5mBZiBv
“The $391bn of so-called repricing deals is the highest ever at this point in the year, according to data from PitchBook LCD going back to 2002, equal to more than a quarter of the $1.34tn leveraged loan market.” @FT https://t.co/RzkuRDp5GS