Loan Rates Surge on 43% of Debt as Lenders Balk

Loan Rates Surge on 43% of Debt as Lenders Balk

Norm Betts/Bloomberg

Drug distributor Valeant Pharmaceuticals International Inc. to toothbrush-maker Water Pik Inc. were among companies that sweetened terms on $17.7 billion of loans in June, accounting for 43 percent of total deals, according to Standard & Poor’s Capital IQ Leveraged Commentary & Data.