Junk-Rated Firms Rush to Reprice Risky Debt as Demand Surges

Junk-rated firms are rushing to reprice and refinance debt, seizing on renewed investor appetite for riskier US dollar-denominated loans to slash borrowing costs.

More than 20 companies have kicked off deals to cut borrowing costs or extend maturities on nearly $30 billion of debt this week, the most volume since January, according to data compiled by Bloomberg.