Companies Revive US Leveraged-Loan Market With $24 Billion Day
A Walgreens store in Homestead, Pennsylvania.
Photographer: Justin Merriman/BloombergCompanies rushed to tap the US leveraged-loan market for debt on Monday, leading to the market’s busiest day since January.
The week kicked off with 19 leveraged-loan launches, worth about $24 billion, according to data compiled by Bloomberg. That’s the most since Jan. 21, when more than 30 firms tapped the market for $48 billion of debt.