US Leveraged Loans Under Strain as Buyers Yank Cash From Funds

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By Jeannine Amodeo

November 24, 2025 at 7:19 PM UTC

US leveraged loan sales are coming under pressure as demand for the risky debt wanes, forcing some borrowers to cancel deals and others to sweeten terms.

Defense and cybersecurity contractor ManTech International Corp. scrapped a planned $2.3 billion leveraged loan sale Friday, while offerings for American Auto Auction Group and Heidrick & Struggles International Inc. also showed some signs of pushback.