Leveraged Finance Markets Buck Summer Lull With Deal Rush
- Issuers are tapping the market to side step election risk
- Pricing and investor reception remains strong for junk firms
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US leveraged loan issuance is setting new seasonal records as buyout financing amps up and borrowers pursue opportunistic transactions like repricings while the market remains resilient and financing is cheap.
At least nine new leveraged loans deals launched Monday, along with five in the US high-yield bond market, according to data compiled by Bloomberg. Proceeds from two of the loan transactions were to support leveraged buyouts, while a pair of junk-bond deals were to fund acquisitions.