Europe Junk Borrowers Rush to Refinance Before Brexit Vote

  • Altice, Cemex look to replace borrowings as costs fall on ECB
  • Looming U.K. referendum could shutter risky debt markets

Junk-rated companies in Europe are hurrying to refinance debt, locking in borrowing costs at one-year lows amid concerns that a U.K. referendum on European Union membership will paralyze markets.

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