AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
US leveraged-loan issuance reached a record high in July with $222.2 billion in loans launched, surpassing the prior high of $206.7 billion in January. Junk-rated borrowers repriced debt to save companies millions in interest expenses. The market saw over 180 new leveraged-loan tranches, with managers of collateral loan obligations and exchange-traded funds flush with capital. Elevated demand for floating-rate debt like leveraged loans due to uncertainty around the Federal Reserve's interest-rate stance allowed issuers to push for more favorable terms.

Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet