Deals
Buyout Loans Eclipse ’07 Record in Deal Frenzy: Credit Markets
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The U.S. junk-loan market has never fueled so much dealmaking.
A total of $85 billion of loans have been raised this year to finance acquisitions, topping 2007’s record pace, data compiled by Bloomberg show. Issuance is set to accelerate as Avago Technologies Ltd. locks in the year’s second-biggest loan for its takeover of chipmaker LSI Corp. as soon as today and Men’s Wearhouse Inc. borrows $1.1 billion to fund its deal for Jos. A. Bank Clothiers Inc.