US Leveraged Loan Sales Hit Record $986 Billion in Repricing Run
- Issuance tops the $980 billion level reached in 2017
- Recent deals involve Citadel and Fertitta Entertainment
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Companies have issued a record $986 billion of debt in the US leveraged loan market this year, mostly to cut interest expense on existing debt.
That figure surpassed 2017 as the busiest year for new issuance, according to Bloomberg-compiled data going back to 2013. Most of this year’s volume has come from companies refinancing current obligations or locking in lower margins through repricing.