Junk-Rated Firms Rush to Reprice Debt as Demand for Loans Surges

Junk-rated firms are rushing to reprice and refinance existing US-dollar debt, seizing on renewed investor appetite for riskier 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.